Shares of ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $98.01 and last traded at $97.71, with a volume of 8149 shares changing hands. The stock had previously closed at $95.54.
ProShares Ultra Financials Stock Performance
The business has a 50-day moving average price of $90.03 and a two-hundred day moving average price of $81.42.
Institutional Trading of ProShares Ultra Financials
Hedge funds have recently added to or reduced their stakes in the company. Belvedere Trading LLC purchased a new position in shares of ProShares Ultra Financials in the 3rd quarter valued at $407,000. Summit Trail Advisors LLC purchased a new position in shares of ProShares Ultra Financials during the fourth quarter worth about $309,000. Good Life Advisors LLC acquired a new position in ProShares Ultra Financials in the 3rd quarter valued at about $235,000. Sanctuary Advisors LLC purchased a new stake in ProShares Ultra Financials during the 3rd quarter valued at approximately $232,000. Finally, Private Advisor Group LLC purchased a new position in shares of ProShares Ultra Financials in the 3rd quarter valued at approximately $229,000.
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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