ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $82.81 and last traded at $82.09, with a volume of 9113 shares traded. The stock had previously closed at $81.24.
ProShares Ultra Financials Stock Up 2.3 %
The firm has a fifty day moving average price of $74.89 and a 200-day moving average price of $68.82.
Institutional Investors Weigh In On ProShares Ultra Financials
Several large investors have recently added to or reduced their stakes in UYG. Citizens Financial Group Inc. RI bought a new position in shares of ProShares Ultra Financials in the first quarter worth $247,000. Hamilton Wealth LLC bought a new position in ProShares Ultra Financials in the 1st quarter worth about $1,712,000. Lazari Capital Management Inc. purchased a new position in ProShares Ultra Financials during the 1st quarter valued at about $240,000. Arkadios Wealth Advisors bought a new stake in shares of ProShares Ultra Financials during the second quarter valued at about $346,000. Finally, Parisi Gray Wealth Management bought a new stake in shares of ProShares Ultra Financials during the third quarter valued at 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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