ProShares Ultra Financials (NYSEARCA:UYG) Sets New 52-Week High – Here’s What Happened

ProShares Ultra Financials (NYSEARCA:UYG)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $97.00 and last traded at $97.00, with a volume of 1729 shares traded. The stock had previously closed at $95.91.

ProShares Ultra Financials Trading Up 1.2 %

The business’s fifty day simple moving average is $82.89 and its 200 day simple moving average is $73.53.

Institutional Investors Weigh In On ProShares Ultra Financials

Hedge funds have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new stake in ProShares Ultra Financials during the 3rd quarter worth about $92,000. Creative Planning acquired a new stake in shares of ProShares Ultra Financials in the 3rd quarter valued at approximately $200,000. Parisi Gray Wealth Management acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth approximately $207,000. Great Valley Advisor Group Inc. acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth approximately $212,000. Finally, James J. Burns & Company LLC acquired a new stake in ProShares Ultra Financials during the 3rd quarter worth approximately $218,000.

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.