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

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

UPRO opened at $48.76 on Friday. ProShares UltraPro S&P 500 has a 12-month low of $38.87 and a 12-month high of $58.95.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Thursday, September 27th were issued a $0.0379 dividend. This is an increase from ProShares UltraPro S&P 500’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, September 26th. This represents a $0.15 dividend on an annualized basis and a yield of 0.31%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of Montreal Can bought a new position in ProShares UltraPro S&P 500 in the second quarter worth $3,516,000. Creative Planning bought a new position in ProShares UltraPro S&P 500 in the second quarter worth $235,000. Brookstone Capital Management bought a new position in ProShares UltraPro S&P 500 in the second quarter worth $2,817,000. SOL Capital Management CO raised its holdings in ProShares UltraPro S&P 500 by 200.0% in the second quarter. SOL Capital Management CO now owns 18,000 shares of the company’s stock worth $844,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Wealthstreet Investment Advisors LLC bought a new position in ProShares UltraPro S&P 500 in the second quarter worth $201,000.

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