Stone House Investment Management LLC Takes Position in ProShares UltraPro S&P 500 (NYSEARCA:UPRO)

Stone House Investment Management LLC acquired a new stake in shares of ProShares UltraPro S&P 500 (NYSEARCA:UPRO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 13,231 shares of the company’s stock, valued at approximately $1,140,000. ProShares UltraPro S&P 500 makes up approximately 0.2% of Stone House Investment Management LLC’s holdings, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. IMC Chicago LLC purchased a new position in ProShares UltraPro S&P 500 in the 3rd quarter worth $83,436,000. Tidal Investments LLC purchased a new position in ProShares UltraPro S&P 500 in the 1st quarter worth $8,197,000. Sollinda Capital Management LLC purchased a new position in ProShares UltraPro S&P 500 in the 2nd quarter worth $5,403,000. Axxcess Wealth Management LLC raised its position in ProShares UltraPro S&P 500 by 603.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 57,540 shares of the company’s stock worth $4,421,000 after purchasing an additional 49,357 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in ProShares UltraPro S&P 500 in the 2nd quarter worth $2,082,000.

ProShares UltraPro S&P 500 Price Performance

NYSEARCA:UPRO traded down $0.73 during trading hours on Wednesday, reaching $95.65. The company’s stock had a trading volume of 881,706 shares, compared to its average volume of 5,168,507. The firm has a 50-day simple moving average of $88.15 and a 200-day simple moving average of $80.25. ProShares UltraPro S&P 500 has a 1 year low of $47.61 and a 1 year high of $96.67.

ProShares UltraPro S&P 500 Company Profile

The ProShares UltraPro S&P500 (UPRO) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. UPRO was launched on Jun 25, 2009 and is managed by ProShares.