ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report)’s stock price were up 0.4% on Monday . The stock traded as high as $86.03 and last traded at $86.00. Approximately 16,142 shares traded hands during trading, a decline of 40% from the average daily volume of 26,742 shares. The stock had previously closed at $85.65.
ProShares Ultra Financials Stock Up 2.3 %
The firm’s 50 day simple moving average is $88.28 and its 200-day simple moving average is $77.03.
Institutional Investors Weigh In On ProShares Ultra Financials
Several institutional investors have recently made changes to their positions in UYG. Arkadios Wealth Advisors purchased a new stake in shares of ProShares Ultra Financials during the 2nd quarter valued at about $346,000. Belvedere Trading LLC bought a new stake in ProShares Ultra Financials in the third quarter valued at about $407,000. Good Life Advisors LLC bought a new position in shares of ProShares Ultra Financials in the 3rd quarter worth about $235,000. Sanctuary Advisors LLC acquired a new position in ProShares Ultra Financials in the third quarter valued at approximately $232,000. Finally, Private Advisor Group LLC bought a new position in ProShares Ultra Financials in the 3rd quarter worth 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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