ProShares UltraPro Dow30 (NYSEARCA:UDOW) Reaches New 12-Month High – Time to Buy?

Shares of ProShares UltraPro Dow30 (NYSEARCA:UDOWGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as $103.10 and last traded at $102.92, with a volume of 751101 shares traded. The stock had previously closed at $94.21.

ProShares UltraPro Dow30 Trading Up 10.6 %

The business has a fifty day simple moving average of $93.85 and a two-hundred day simple moving average of $85.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management grew its stake in shares of ProShares UltraPro Dow30 by 136.0% in the 3rd quarter. Hollencrest Capital Management now owns 295 shares of the company’s stock worth $28,000 after buying an additional 170 shares during the last quarter. Headlands Technologies LLC grew its stake in shares of ProShares UltraPro Dow30 by 7.5% in the 1st quarter. Headlands Technologies LLC now owns 2,563 shares of the company’s stock worth $218,000 after buying an additional 179 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of ProShares UltraPro Dow30 in the 2nd quarter worth approximately $29,000. Farther Finance Advisors LLC grew its stake in shares of ProShares UltraPro Dow30 by 216.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 950 shares of the company’s stock worth $91,000 after buying an additional 650 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas purchased a new stake in shares of ProShares UltraPro Dow30 in the 3rd quarter worth approximately $240,000.

ProShares UltraPro Dow30 Company Profile

(Get Free Report)

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.

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