ProShares UltraPro S&P 500 (UPRO) Sees Significant Decrease in Short Interest

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ProShares UltraPro S&P 500 (NYSEARCA:UPRO) saw a significant decline in short interest in September. As of September 28th, there was short interest totalling 496,675 shares, a decline of 42.0% from the September 14th total of 856,075 shares. Based on an average daily volume of 2,365,894 shares, the short-interest ratio is presently 0.2 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPRO. Miller Value Partners LLC lifted its position in ProShares UltraPro S&P 500 by 414.1% during the second quarter. Miller Value Partners LLC now owns 314,160 shares of the company’s stock valued at $14,728,000 after purchasing an additional 253,055 shares in the last quarter. Bank of Montreal Can purchased a new position in ProShares UltraPro S&P 500 during the second quarter valued at $3,516,000. Brookstone Capital Management purchased a new position in ProShares UltraPro S&P 500 during the second quarter valued at $2,817,000. Edgestream Partners L.P. lifted its position in ProShares UltraPro S&P 500 by 105.7% during the second quarter. Edgestream Partners L.P. now owns 70,291 shares of the company’s stock valued at $3,295,000 after purchasing an additional 36,125 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC lifted its position in ProShares UltraPro S&P 500 by 148.9% during the second quarter. Intercontinental Wealth Advisors LLC now owns 44,574 shares of the company’s stock valued at $2,090,000 after purchasing an additional 26,666 shares in the last quarter.

NYSEARCA UPRO opened at $50.95 on Thursday. ProShares UltraPro S&P 500 has a fifty-two week low of $38.87 and a fifty-two week high of $58.95.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Thursday, September 27th were given a dividend of $0.0379 per share. The ex-dividend date was Wednesday, September 26th. This is an increase from ProShares UltraPro S&P 500’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.30%.

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