Shares of ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $82.81 and last traded at $82.09, with a volume of 9113 shares traded. The stock had previously closed at $81.24.
ProShares Ultra Financials Price Performance
The stock’s 50-day moving average price is $74.89 and its 200-day moving average price is $68.82.
Institutional Trading of ProShares Ultra Financials
Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning acquired a new position in shares of ProShares Ultra Financials during the 3rd quarter worth approximately $200,000. Parisi Gray Wealth Management acquired a new stake in ProShares Ultra Financials during the third quarter worth approximately $207,000. Good Life Advisors LLC bought a new position in ProShares Ultra Financials during the 3rd quarter worth $235,000. Lazari Capital Management Inc. acquired a new position in ProShares Ultra Financials in the 1st quarter valued at $240,000. Finally, Citizens Financial Group Inc. RI acquired a new position in ProShares Ultra Financials in the 1st quarter valued at $247,000.
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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