Shares of ProShares UltraPro Dow30 (NYSEARCA:UDOW – Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $67.99 and traded as low as $66.45. ProShares UltraPro Dow30 shares last traded at $66.71, with a volume of 2,987,489 shares changing hands.
ProShares UltraPro Dow30 Price Performance
The company has a market cap of $797.18 million, a P/E ratio of 20.47 and a beta of 2.60. The firm’s 50-day moving average is $67.99 and its two-hundred day moving average is $61.74.
Institutional Trading of ProShares UltraPro Dow30
Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of ProShares UltraPro Dow30 by 100.0% in the 4th quarter. NewEdge Advisors LLC now owns 470 shares of the company’s stock valued at $27,000 after acquiring an additional 235 shares during the last quarter. Larson Financial Group LLC increased its stake in ProShares UltraPro Dow30 by 100.8% during the fourth quarter. Larson Financial Group LLC now owns 749 shares of the company’s stock worth $43,000 after acquiring an additional 376 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in ProShares UltraPro Dow30 by 107.7% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 858 shares of the company’s stock valued at $50,000 after purchasing an additional 445 shares during the period. Group One Trading LLC purchased a new stake in ProShares UltraPro Dow30 during the first quarter valued at approximately $52,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of ProShares UltraPro Dow30 by 100.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,150 shares of the company’s stock valued at $67,000 after purchasing an additional 575 shares during the last quarter.
ProShares UltraPro Dow30 Company Profile
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.
Further Reading
- Five stocks we like better than ProShares UltraPro Dow30
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
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.
