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J.P. Morgan's Kolanovic says the correction in stocks isn't finished yet
Seeking Alpha News (Mon, 22-Apr 4:40 PM ET)
The S&P 500 pullback may not be totally over – RBC Capital Markets
Seeking Alpha News (Mon, 22-Apr 11:18 AM ET)
S&P 500 drops below 5,000 for first time in two months
Seeking Alpha News (Fri, 19-Apr 11:18 AM ET)
ProShares UltraPro S&P500 seeks daily investment results before fees and expenses that correspond to triple (300%) the daily performance of the S&P 500
ProShares Ultrapro S&P 500 trades on the ARCA stock market under the symbol UPRO.
As of April 24, 2024, UPRO stock price declined to $62.14 with 2,876,751 million shares trading.
UPRO has a beta of 3.00, meaning it tends to be more sensitive to market movements. UPRO has a correlation of 1.00 to the broad based SPY ETF.
UPRO has a market cap of $2.85 billion. This is considered a Mid Cap stock.
In the last 3 years, UPRO stock traded as high as $78.72 and as low as $25.94.
UPRO has outperformed the market in the last year with a return of +59.8%, while the SPY ETF gained +23.8%. In the last 3 month period, UPRO beat the market returning +8.0%, while SPY returned +4.2%. However, in the most recent 2 weeks UPRO has underperformed the stock market by returning -9.5%, while SPY returned -3.0%.
UPRO support price is $61.31 and resistance is $64.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UPRO stock will trade within this expected range on the day.