ProShares Ultra Financials (NYSEARCA:UYG) Sees Large Volume Increase – Here’s What Happened

ProShares Ultra Financials (NYSEARCA:UYGGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 10,462 shares were traded during trading, a decline of 38% from the previous session’s volume of 16,747 shares.The stock last traded at $99.8980 and had previously closed at $97.26.

ProShares Ultra Financials Stock Performance

The business has a 50-day moving average of $93.58 and a 200 day moving average of $84.05. The stock has a market cap of $866 million, a PE ratio of 17.45 and a beta of 1.75.

Hedge Funds Weigh In On ProShares Ultra Financials

Several institutional investors and hedge funds have recently modified their holdings of UYG. Western Wealth Management LLC acquired a new stake in ProShares Ultra Financials during the first quarter worth approximately $31,000. Main Street Group LTD acquired a new stake in shares of ProShares Ultra Financials during the first quarter worth $44,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares Ultra Financials in the third quarter valued at $82,000. Ameritas Advisory Services LLC purchased a new stake in shares of ProShares Ultra Financials in the second quarter valued at $158,000. Finally, Arax Advisory Partners acquired a new position in ProShares Ultra Financials in the fourth quarter valued at $192,000.

ProShares Ultra Financials Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for ProShares Ultra Financials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Financials and related companies with MarketBeat.com's FREE daily email newsletter.