ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $98.50 and last traded at $98.49, with a volume of 7678 shares changing hands. The stock had previously closed at $96.98.
ProShares Ultra Financials Price Performance
The stock has a 50-day moving average price of $90.09 and a two-hundred day moving average price of $82.31.
Institutional Trading of ProShares Ultra Financials
A number of institutional investors have recently bought and sold shares of UYG. Global Retirement Partners LLC acquired a new stake in shares of ProShares Ultra Financials during the fourth quarter worth about $51,000. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares Ultra Financials during the 3rd quarter valued at approximately $92,000. Creative Planning purchased a new stake in shares of ProShares Ultra Financials in the 3rd quarter valued at $200,000. Great Valley Advisor Group Inc. purchased a new position in shares of ProShares Ultra Financials during the third quarter worth $212,000. Finally, Wharton Business Group LLC acquired a new position in ProShares Ultra Financials during the fourth quarter valued at $215,000.
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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