ProShares UltraPro S&P 500 (NYSEARCA:UPRO) was the target of a large growth in short interest during the month of March. As of March 29th, there was short interest totalling 1,058,734 shares, a growth of 51.2% from the March 15th total of 700,213 shares. Based on an average daily volume of 6,690,486 shares, the short-interest ratio is presently 0.2 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPRO. Phocas Financial Corp. bought a new position in ProShares UltraPro S&P 500 during the 4th quarter valued at approximately $45,000. Stone House Investment Management LLC bought a new position in ProShares UltraPro S&P 500 during the 1st quarter valued at approximately $47,000. Ellis Investment Partners LLC bought a new position in ProShares UltraPro S&P 500 during the 4th quarter valued at approximately $208,000. Toth Financial Advisory Corp raised its position in ProShares UltraPro S&P 500 by 12.1% during the 4th quarter. Toth Financial Advisory Corp now owns 6,271 shares of the company’s stock valued at $218,000 after purchasing an additional 676 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in ProShares UltraPro S&P 500 during the 3rd quarter valued at approximately $430,000.

UPRO opened at $52.72 on Thursday. ProShares UltraPro S&P 500 has a one year low of $28.65 and a one year high of $58.95.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were given a dividend of $0.094 per share. This represents a $0.38 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Wednesday, March 20th.

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