ProShares UltraPro Dow30 (NYSEARCA:UDOW) Hits New 1-Year High – What’s Next?

ProShares UltraPro Dow30 (NYSEARCA:UDOWGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $110.41 and last traded at $110.41, with a volume of 41359 shares trading hands. The stock had previously closed at $107.94.

ProShares UltraPro Dow30 Trading Up 0.9 %

The business’s fifty day simple moving average is $98.37 and its two-hundred day simple moving average is $88.19.

Institutional Investors Weigh In On ProShares UltraPro Dow30

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC grew its holdings in shares of ProShares UltraPro Dow30 by 22.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 70,988 shares of the company’s stock worth $5,580,000 after purchasing an additional 12,817 shares during the last quarter. Squarepoint Ops LLC grew its stake in ProShares UltraPro Dow30 by 132.4% during the 2nd quarter. Squarepoint Ops LLC now owns 61,363 shares of the company’s stock worth $4,823,000 after buying an additional 34,960 shares during the last quarter. Quadrature Capital Ltd acquired a new position in ProShares UltraPro Dow30 during the third quarter worth approximately $4,561,000. CPR Investments Inc. lifted its stake in ProShares UltraPro Dow30 by 29.1% in the second quarter. CPR Investments Inc. now owns 37,551 shares of the company’s stock valued at $2,952,000 after buying an additional 8,461 shares during the last quarter. Finally, Encompass More Asset Management boosted its holdings in shares of ProShares UltraPro Dow30 by 44.0% in the second quarter. Encompass More Asset Management now owns 11,397 shares of the company’s stock valued at $896,000 after acquiring an additional 3,484 shares during the period.

About ProShares UltraPro Dow30

(Get Free Report)

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index.

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