Shares of ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) saw an uptick in trading volume on Wednesday . 14,517 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 15,680 shares.The stock last traded at $85.7450 and had previously closed at $86.62.
ProShares Ultra Financials Stock Performance
The company’s fifty day moving average price is $80.90 and its 200 day moving average price is $83.72. The firm has a market capitalization of $764.90 million, a price-to-earnings ratio of 17.45 and a beta of 1.77.
Hedge Funds Weigh In On ProShares Ultra Financials
A number of hedge funds and other institutional investors have recently bought and sold shares of UYG. Western Wealth Management LLC acquired a new stake in shares of ProShares Ultra Financials during the 1st quarter worth approximately $31,000. Main Street Group LTD bought a new stake in shares of ProShares Ultra Financials in the 1st quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. acquired a new position in ProShares Ultra Financials during the 3rd quarter valued at approximately $82,000. Flagship Harbor Advisors LLC acquired a new position in ProShares Ultra Financials during the 4th quarter valued at approximately $96,000. Finally, MAI Capital Management grew its stake in ProShares Ultra Financials by 19.9% during the 3rd quarter. MAI Capital Management now owns 1,055 shares of the company’s stock worth $105,000 after buying an additional 175 shares during the last quarter.
About ProShares Ultra Financials
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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