ProShares UltraPro Dow30 (NYSEARCA:UDOW) gapped up before the market opened on Thursday after the company announced a dividend. The stock had previously closed at $36.86, but opened at $38.42. ProShares UltraPro Dow30 shares last traded at $45.56, with a volume of 14,975,706 shares changing hands.
The newly announced dividend which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.70%.
The business’s fifty day moving average price is $90.92 and its two-hundred day moving average price is $109.34.
Institutional investors have recently added to or reduced their stakes in the company. Patriot Investment Management Inc. bought a new position in shares of ProShares UltraPro Dow30 during the 4th quarter valued at $248,000. AE Wealth Management LLC raised its holdings in ProShares UltraPro Dow30 by 11.5% in the 4th quarter. AE Wealth Management LLC now owns 3,094 shares of the company’s stock worth $384,000 after acquiring an additional 319 shares during the period. Envestnet Asset Management Inc. bought a new position in ProShares UltraPro Dow30 in the 4th quarter worth $468,000. UBS Group AG raised its holdings in ProShares UltraPro Dow30 by 18.4% in the 4th quarter. UBS Group AG now owns 4,052 shares of the company’s stock worth $503,000 after acquiring an additional 631 shares during the period. Finally, Renaissance Technologies LLC bought a new position in ProShares UltraPro Dow30 in the 4th quarter worth $1,601,000.
About ProShares UltraPro Dow30 (NYSEARCA:UDOW)
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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