ProShares UltraPro Dow30 (NYSEARCA:UDOW) Reaches New 1-Year High – Here’s What Happened

ProShares UltraPro Dow30 (NYSEARCA:UDOW)’s stock price hit a new 52-week high on Thursday . The company traded as high as $101.46 and last traded at $101.46, with a volume of 26304 shares traded. The stock had previously closed at $100.69.

ProShares UltraPro Dow30 Stock Performance

The company’s 50 day simple moving average is $90.79 and its 200-day simple moving average is $83.41.

Institutional Trading of ProShares UltraPro Dow30

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC increased its holdings in ProShares UltraPro Dow30 by 132.4% during the second quarter. Squarepoint Ops LLC now owns 61,363 shares of the company’s stock valued at $4,823,000 after buying an additional 34,960 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in ProShares UltraPro Dow30 by 57.5% in the 1st quarter. Flow Traders U.S. LLC now owns 39,248 shares of the company’s stock worth $3,343,000 after purchasing an additional 14,322 shares during the period. Ashton Thomas Private Wealth LLC lifted its position in 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 valued at $5,580,000 after purchasing an additional 12,817 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in ProShares UltraPro Dow30 during the third quarter valued at about $1,043,000. Finally, XR Securities LLC bought a new stake in ProShares UltraPro Dow30 during the first quarter valued at about $816,000.

ProShares UltraPro Dow30 Company Profile

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.