ProShares Ultra Financials (NYSEARCA:UYG) Sets New 52-Week High – Should You Buy?

ProShares Ultra Financials (NYSEARCA:UYG) shares reached a new 52-week high on Wednesday . The company traded as high as $89.65 and last traded at $89.58, with a volume of 5788 shares trading hands. The stock had previously closed at $80.72.

ProShares Ultra Financials Stock Up 1.7 %

The firm’s fifty day moving average is $78.75 and its two-hundred day moving average is $71.05.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. James J. Burns & Company LLC purchased a new stake in ProShares Ultra Financials in the 3rd quarter worth $218,000. Belvedere Trading LLC bought a new stake in shares of ProShares Ultra Financials in the third quarter worth about $407,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ProShares Ultra Financials in the third quarter worth about $92,000. Private Advisor Group LLC bought a new position in ProShares Ultra Financials during the third quarter valued at approximately $229,000. Finally, Good Life Advisors LLC purchased a new position in ProShares Ultra Financials during the 3rd quarter valued at approximately $235,000.

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.