ProShares UltraPro Dow30 (NYSEARCA:UDOW – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $103.10 and last traded at $102.92, with a volume of 751101 shares changing hands. The stock had previously closed at $94.21.
ProShares UltraPro Dow30 Stock Performance
The stock has a 50-day moving average price of $94.43 and a 200 day moving average price of $85.62.
Hedge Funds Weigh In On ProShares UltraPro Dow30
Institutional investors and hedge funds have recently modified their holdings of the company. Hollencrest Capital Management raised its stake in ProShares UltraPro Dow30 by 136.0% in the third quarter. Hollencrest Capital Management now owns 295 shares of the company’s stock valued at $28,000 after buying an additional 170 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of ProShares UltraPro Dow30 during the 2nd quarter worth about $29,000. Farther Finance Advisors LLC boosted its holdings in ProShares UltraPro Dow30 by 216.7% in the third quarter. Farther Finance Advisors LLC now owns 950 shares of the company’s stock valued at $91,000 after purchasing an additional 650 shares in the last quarter. Headlands Technologies LLC increased its stake in ProShares UltraPro Dow30 by 7.5% in the first quarter. Headlands Technologies LLC now owns 2,563 shares of the company’s stock valued at $218,000 after purchasing an additional 179 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas purchased a new position in ProShares UltraPro Dow30 in the third quarter valued at approximately $240,000.
About ProShares UltraPro Dow30
ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index.
Featured Stories
- Five stocks we like better than ProShares UltraPro Dow30
- What is the Nasdaq? Complete Overview with History
- Dot Ai IPO: CEO Ed Nabrotzky Shares Vision for Logistics Future
- Buy P&G Now, Before It Sets A New All-Time High
- The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut
- How to Calculate Inflation Rate
- The Top 5 Performing S&P 500 Stocks YTD in 2024
Receive News & Ratings for ProShares UltraPro Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.
