ProShares Ultra Financials (NYSEARCA:UYG – Get Free Report) saw an uptick in trading volume on Friday . Approximately 27,405 shares traded hands during trading, an increase of 74% from the previous session’s volume of 15,779 shares.The stock last traded at $93.1940 and had previously closed at $92.17.
ProShares Ultra Financials Stock Up 1.1%
The company has a market capitalization of $803.81 million, a PE ratio of 17.45 and a beta of 1.76. The firm’s 50 day simple moving average is $85.63 and its 200 day simple moving average is $82.72.
Hedge Funds Weigh In On ProShares Ultra Financials
Several hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in ProShares Ultra Financials in the 1st quarter worth about $31,000. Main Street Group LTD bought a new position in shares of ProShares Ultra Financials during the first quarter valued at approximately $44,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares Ultra Financials in the third quarter worth approximately $82,000. Flagship Harbor Advisors LLC purchased a new stake in shares of ProShares Ultra Financials in the fourth quarter worth approximately $96,000. Finally, Arax Advisory Partners bought a new stake in shares of ProShares Ultra Financials during the 4th quarter worth approximately $192,000.
ProShares Ultra Financials Company Profile
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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