ProShares UltraPro Dow30 (NYSEARCA:UDOW – Get Free Report)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $101.19 and traded as low as $90.07. ProShares UltraPro Dow30 shares last traded at $94.13, with a volume of 3,489,330 shares changing hands.
ProShares UltraPro Dow30 Price Performance
The firm has a market cap of $668.32 million, a PE ratio of 22.85 and a beta of 2.94. The firm has a 50-day simple moving average of $101.11 and a 200 day simple moving average of $99.18.
Hedge Funds Weigh In On ProShares UltraPro Dow30
Several institutional investors and hedge funds have recently modified their holdings of the stock. Spire Wealth Management purchased a new stake in shares of ProShares UltraPro Dow30 during the 4th quarter worth approximately $19,759,000. Quadrature Capital Ltd bought a new position in shares of ProShares UltraPro Dow30 during the 3rd quarter valued at approximately $4,561,000. IMC Chicago LLC bought a new position in shares of ProShares UltraPro Dow30 during the 4th quarter valued at approximately $2,503,000. Simplex Trading LLC increased its position in shares of ProShares UltraPro Dow30 by 343.8% during the 4th quarter. Simplex Trading LLC now owns 24,732 shares of the company’s stock valued at $2,338,000 after purchasing an additional 19,159 shares during the last quarter. Finally, GTS Securities LLC grew its position in ProShares UltraPro Dow30 by 58.9% in the 4th quarter. GTS Securities LLC now owns 36,482 shares of the company’s stock valued at $3,447,000 after acquiring an additional 13,517 shares during the last quarter.
About ProShares UltraPro Dow30
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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