ProShares Ultra Financials (NYSEARCA:UYG) was the recipient of unusually large options trading activity on Tuesday. Traders bought 3,058 call options on the stock. This is an increase of 761% compared to the typical daily volume of 355 call options.
UYG traded up $0.44 during trading on Tuesday, hitting $61.15. The stock had a trading volume of 87,549 shares, compared to its average volume of 80,848. ProShares Ultra Financials has a 12 month low of $21.95 and a 12 month high of $61.50. The company has a 50 day simple moving average of $55.82 and a 200-day simple moving average of $45.11.
Large investors have recently bought and sold shares of the company. Mathes Company Inc. grew its holdings in shares of ProShares Ultra Financials by 20.0% during the 4th quarter. Mathes Company Inc. now owns 9,000 shares of the company’s stock worth $381,000 after purchasing an additional 1,500 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of ProShares Ultra Financials in the 4th quarter valued at $702,000. Nwam LLC bought a new stake in ProShares Ultra Financials in the fourth quarter valued at about $224,000. Toth Financial Advisory Corp raised its position in ProShares Ultra Financials by 28.3% in the fourth quarter. Toth Financial Advisory Corp now owns 67,471 shares of the company’s stock worth $2,855,000 after purchasing an additional 14,878 shares in the last quarter. Finally, Simplex Trading LLC lifted its stake in ProShares Ultra Financials by 11.9% during the fourth quarter. Simplex Trading LLC now owns 18,821 shares of the company’s stock worth $796,000 after purchasing an additional 1,999 shares during the period.
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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