Koshinski Asset Management Inc. Reduces Position in ProShares UltraPro Dow30 $UDOW

Koshinski Asset Management Inc. decreased its holdings in ProShares UltraPro Dow30 (NYSEARCA:UDOW) by 83.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,022 shares of the company’s stock after selling 10,269 shares during the period. Koshinski Asset Management Inc.’s holdings in ProShares UltraPro Dow30 were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in shares of ProShares UltraPro Dow30 by 35.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,563 shares of the company’s stock worth $148,000 after purchasing an additional 412 shares during the last quarter. JPMorgan Chase & Co. lifted its position in ProShares UltraPro Dow30 by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 2,275 shares of the company’s stock worth $244,000 after buying an additional 718 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in ProShares UltraPro Dow30 during the second quarter worth $368,000. Two Sigma Securities LLC boosted its stake in ProShares UltraPro Dow30 by 21.3% during the second quarter. Two Sigma Securities LLC now owns 5,491 shares of the company’s stock worth $518,000 after buying an additional 965 shares during the last quarter. Finally, World Investment Advisors grew its holdings in ProShares UltraPro Dow30 by 41.5% in the 2nd quarter. World Investment Advisors now owns 6,772 shares of the company’s stock valued at $641,000 after buying an additional 1,987 shares in the last quarter.

ProShares UltraPro Dow30 Stock Up 1.9%

Shares of UDOW opened at $62.04 on Thursday. ProShares UltraPro Dow30 has a 52-week low of $28.45 and a 52-week high of $66.21. The stock has a fifty day simple moving average of $61.33 and a two-hundred day simple moving average of $56.40. The company has a market capitalization of $778.60 million, a PE ratio of 20.47 and a beta of 2.79.

ProShares UltraPro Dow30 Profile

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.