ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $78.20 and last traded at $77.98, with a volume of 8031 shares trading hands. The stock had previously closed at $76.53.
ProShares Ultra Financials Stock Up 1.7 %
The firm has a fifty day simple moving average of $73.25 and a two-hundred day simple moving average of $68.28.
Institutional Investors Weigh In On ProShares Ultra Financials
A number of large investors have recently made changes to their positions in UYG. Hamilton Wealth LLC acquired a new position in ProShares Ultra Financials in the 1st quarter worth approximately $1,712,000. Arkadios Wealth Advisors acquired a new position in ProShares Ultra Financials during the second quarter valued at $346,000. Citizens Financial Group Inc. RI purchased a new stake in ProShares Ultra Financials in the first quarter valued at $247,000. Lazari Capital Management Inc. acquired a new stake in ProShares Ultra Financials during the 1st quarter worth about $240,000. Finally, Parisi Gray Wealth Management acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth about $207,000.
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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