ProShares Ultra Financials (NYSEARCA:UYG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.90 and last traded at $55.81, with a volume of 1700 shares trading hands. The stock had previously closed at $55.35.
The stock has a 50 day moving average of $53.29 and a 200-day moving average of $48.53.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a $0.1705 dividend. This represents a $0.68 annualized dividend and a yield of 1.22%. This is an increase from ProShares Ultra Financials’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, December 24th.
A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of ProShares Ultra Financials during the 3rd quarter valued at approximately $516,000. Private Ocean LLC purchased a new stake in ProShares Ultra Financials during the 3rd quarter valued at $378,000. Phocas Financial Corp. purchased a new stake in ProShares Ultra Financials in the second quarter worth $2,799,000. LPL Financial LLC increased its stake in ProShares Ultra Financials by 25.3% in the second quarter. LPL Financial LLC now owns 16,045 shares of the company’s stock worth $721,000 after purchasing an additional 3,243 shares during the period. Finally, Creative Planning increased its stake in ProShares Ultra Financials by 64.4% in the third quarter. Creative Planning now owns 9,962 shares of the company’s stock worth $467,000 after purchasing an additional 3,902 shares during the period.
About ProShares Ultra Financials (NYSEARCA:UYG)
ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.
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