UPRO Stock Summary and Trading Ideas (ProShares Ultrapro S&P 500 | ARCA:UPRO)

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 May 13, 2024, UPRO stock price declined to $68.15 with 937,109 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 $3.20 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 price return of +76.1% while the SPY ETF gained +27.8%. UPRO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.2% and +6.8%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

UPRO support price is $66.40 and resistance is $70.06 (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.