ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 12,315 shares traded hands during 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 Trading Up 4.4 %
The business has a 50-day moving average of $89.36 and a 200-day moving average of $79.31.
Hedge Funds Weigh In On ProShares Ultra Financials
Several institutional investors have recently modified their holdings of UYG. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth $92,000. Creative Planning acquired a new stake in shares of ProShares Ultra Financials in the 3rd quarter valued at about $200,000. Parisi Gray Wealth Management purchased a new position in ProShares Ultra Financials during the 3rd quarter worth approximately $207,000. Great Valley Advisor Group Inc. purchased a new position in ProShares Ultra Financials during the 3rd quarter worth approximately $212,000. Finally, James J. Burns & Company LLC acquired a new position in ProShares Ultra Financials during the third quarter worth approximately $218,000.
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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