ProShares Ultra Financials (NYSEARCA:UYG) Sees Large Volume Increase – Should You Buy?

Shares of ProShares Ultra Financials (NYSEARCA:UYGGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 25,183 shares changed hands during trading, an increase of 57% from the previous session’s volume of 15,990 shares.The stock last traded at $94.6270 and had previously closed at $93.56.

ProShares Ultra Financials Price Performance

The stock has a fifty day moving average price of $82.14 and a two-hundred day moving average price of $83.06. The company has a market cap of $814.18 million, a P/E ratio of 17.45 and a beta of 1.76.

Hedge Funds Weigh In On ProShares Ultra Financials

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in ProShares Ultra Financials by 2.1% during the second quarter. Bank of America Corp DE now owns 6,146 shares of the company’s stock valued at $587,000 after buying an additional 126 shares during the period. United Advisor Group LLC boosted its stake in ProShares Ultra Financials by 4.3% in the fourth quarter. United Advisor Group LLC now owns 3,134 shares of the company’s stock valued at $288,000 after acquiring an additional 129 shares during the last quarter. Parisi Gray Wealth Management boosted its stake in ProShares Ultra Financials by 8.7% in the fourth quarter. Parisi Gray Wealth Management now owns 2,462 shares of the company’s stock valued at $226,000 after acquiring an additional 198 shares during the last quarter. Bryn Mawr Trust Advisors LLC grew its position in shares of ProShares Ultra Financials by 4.2% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 4,940 shares of the company’s stock valued at $453,000 after acquiring an additional 199 shares during the period. Finally, Lowery Thomas LLC increased its stake in shares of ProShares Ultra Financials by 9.1% during the 4th quarter. Lowery Thomas LLC now owns 2,687 shares of the company’s stock worth $247,000 after purchasing an additional 223 shares during the last quarter.

About ProShares Ultra Financials

(Get Free Report)

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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