ProShares UltraPro Dow30 (NYSEARCA:UDOW) Sets New 52-Week High – Should You Buy?

Shares of ProShares UltraPro Dow30 (NYSEARCA:UDOW) reached a new 52-week high during trading on Wednesday . The stock traded as high as $71.67 and last traded at $71.7840, with a volume of 697199 shares changing hands. The stock had previously closed at $70.09.

ProShares UltraPro Dow30 Stock Up 0.4%

The business’s 50-day simple moving average is $63.90 and its two-hundred day simple moving average is $60.18. The firm has a market cap of $931.99 million, a price-to-earnings ratio of 20.47 and a beta of 2.61.

Institutional Trading of ProShares UltraPro Dow30

Several institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. increased its position in shares of ProShares UltraPro Dow30 by 115.7% in the first quarter. Optiver Holding B.V. now owns 64,567 shares of the company’s stock valued at $3,240,000 after buying an additional 34,635 shares in the last quarter. Strategic Investment Advisors MI purchased a new position in shares of ProShares UltraPro Dow30 during the 1st quarter valued at approximately $231,000. Group One Trading LLC acquired a new stake in ProShares UltraPro Dow30 in the 1st quarter valued at $52,000. Fifth Third Bancorp acquired a new stake in ProShares UltraPro Dow30 in the 1st quarter valued at $100,000. Finally, Spectrum Financial Alliance Ltd LLC increased its holdings in ProShares UltraPro Dow30 by 150.5% in the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 88,732 shares of the company’s stock worth $4,453,000 after acquiring an additional 53,304 shares in 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. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.