ProShares UltraPro Dow30 (NYSEARCA:UDOW – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.51 and last traded at $61.4260, with a volume of 4890679 shares. The stock had previously closed at $58.95.
ProShares UltraPro Dow30 Price Performance
The company has a fifty day moving average of $57.00 and a 200 day moving average of $52.49. The firm has a market capitalization of $776.27 million, a P/E ratio of 20.47 and a beta of 2.79.
Hedge Funds Weigh In On ProShares UltraPro Dow30
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC boosted its position in shares of ProShares UltraPro Dow30 by 139.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 64,238 shares of the company’s stock worth $6,065,000 after purchasing an additional 37,357 shares in the last quarter. Quadrature Capital Ltd acquired a new position in ProShares UltraPro Dow30 during the 3rd quarter worth approximately $3,456,000. Ashton Thomas Private Wealth LLC acquired a new position in ProShares UltraPro Dow30 during the 2nd quarter worth approximately $2,267,000. Encompass More Asset Management boosted its holdings in ProShares UltraPro Dow30 by 191.1% in the third quarter. Encompass More Asset Management now owns 32,235 shares of the company’s stock worth $3,451,000 after acquiring an additional 21,162 shares in the last quarter. Finally, TrueMark Investments LLC bought a new position in ProShares UltraPro Dow30 in the second quarter worth approximately $1,375,000.
About ProShares UltraPro Dow30
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.
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