ProShares Ultra Financials (NYSEARCA:UYG) Sees Large Volume Increase – What’s Next?

ProShares Ultra Financials (NYSEARCA:UYG) shares saw an uptick in trading volume on Wednesday . 12,315 shares traded hands during mid-day trading, a decline of 31% from the previous session’s volume of 17,909 shares.The stock last traded at $89.02 and had previously closed at $85.02.

ProShares Ultra Financials Stock Performance

The business’s 50-day moving average is $89.39 and its two-hundred day moving average is $79.45.

Institutional Trading of ProShares Ultra Financials

Hedge funds have recently made changes to their positions in the stock. Parisi Gray Wealth Management acquired a new position in shares of ProShares Ultra Financials during the third quarter worth approximately $207,000. Creative Planning bought a new position in shares of ProShares Ultra Financials in the third quarter worth $200,000. Good Life Advisors LLC acquired a new position in shares of ProShares Ultra Financials during the third quarter valued at $235,000. Private Advisor Group LLC acquired a new position in shares of ProShares Ultra Financials during the third quarter valued at $229,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares Ultra Financials during the third quarter valued at about $92,000.

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.