ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) shares saw an uptick in trading volume on Friday. Approximately 57,851 shares traded hands during trading, an increase of 257% from the average daily volume of 16,207 shares. The stock last traded at $92.9890 and had previously closed at $94.67.
ProShares Ultra Financials Stock Performance
The firm has a fifty day moving average of $91.89 and a 200-day moving average of $86.09. The stock has a market capitalization of $777.47 million, a price-to-earnings ratio of 17.45 and a beta of 1.78.
Institutional Trading of ProShares Ultra Financials
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in shares of ProShares Ultra Financials by 307.1% in the 1st quarter. Quantinno Capital Management LP now owns 12,721 shares of the company’s stock valued at $934,000 after acquiring an additional 9,596 shares during the last quarter. Independent Financial Group LLC bought a new position in ProShares Ultra Financials during the first quarter worth $397,000. Corient Private Wealth LP bought a new position in ProShares Ultra Financials during the second quarter worth $2,011,000. Toth Financial Advisory Corp bought a new position in ProShares Ultra Financials during the third quarter worth $2,363,000. Finally, Integrity Alliance LLC. acquired a new position in ProShares Ultra Financials in the third quarter worth $300,000.
ProShares Ultra Financials Company Profile
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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