ProShares Ultra Basic Materials (NYSEARCA:UYM)’s stock price were up 2.1% during trading on Friday . The stock traded as high as $58.42 and last traded at $58.42, approximately 821 shares were traded during trading. A decline of 90% from the average daily volume of 8,023 shares. The stock had previously closed at $57.25.

The firm has a 50-day moving average of $55.63.

A hedge fund recently bought a new stake in ProShares Ultra Basic Materials stock. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra Basic Materials (NYSEARCA:UYM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,535 shares of the company’s stock, valued at approximately $356,000. Jane Street Group LLC owned 0.86% of ProShares Ultra Basic Materials as of its most recent filing with the Securities & Exchange Commission.

About ProShares Ultra Basic Materials (NYSEARCA:UYM)

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.

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