ProShares UltraPro Dow30 (NYSEARCA:UDOW – Get Free Report)’s stock price shot up 3.5% during mid-day trading on Thursday . The stock traded as high as $74.78 and last traded at $74.49. 1,207,637 shares were traded during trading, a decline of 63% from the average daily volume of 3,244,515 shares. The stock had previously closed at $71.96.
ProShares UltraPro Dow30 Price Performance
The firm has a market cap of $905.05 million, a P/E ratio of 20.47 and a beta of 2.60. The company has a fifty day moving average of $71.99 and a 200-day moving average of $63.86.
Hedge Funds Weigh In On ProShares UltraPro Dow30
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Optiver Holding B.V. increased its position in shares of ProShares UltraPro Dow30 by 115.7% during the first quarter. Optiver Holding B.V. now owns 64,567 shares of the company’s stock valued at $3,240,000 after acquiring an additional 34,635 shares during the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of ProShares UltraPro Dow30 during the 1st quarter valued at $231,000. Group One Trading LLC bought a new stake in shares of ProShares UltraPro Dow30 during the 1st quarter worth $52,000. Fifth Third Bancorp purchased a new stake in ProShares UltraPro Dow30 during the first quarter worth about $100,000. Finally, Spectrum Financial Alliance Ltd LLC raised its position in ProShares UltraPro Dow30 by 150.5% in the first quarter. Spectrum Financial Alliance Ltd LLC now owns 88,732 shares of the company’s stock worth $4,453,000 after acquiring an additional 53,304 shares during the period.
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. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.
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