ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $98.01 and last traded at $97.71, with a volume of 8149 shares changing hands. The stock had previously closed at $95.54.
ProShares Ultra Financials Trading Down 1.0 %
The company’s 50-day moving average is $90.03 and its 200 day moving average is $81.42.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Belvedere Trading LLC purchased a new stake in shares of ProShares Ultra Financials in the third quarter valued at about $407,000. Summit Trail Advisors LLC acquired a new position in ProShares Ultra Financials in the fourth quarter valued at about $309,000. Good Life Advisors LLC acquired a new stake in shares of ProShares Ultra Financials during the third quarter valued at about $235,000. Sanctuary Advisors LLC acquired a new stake in shares of ProShares Ultra Financials during the third quarter valued at about $232,000. Finally, Private Advisor Group LLC purchased a new stake in shares of ProShares Ultra Financials in the 3rd quarter valued at approximately $229,000.
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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