ProShares UltraPro Dow30 (NYSEARCA:UDOW) Shares Climb 3.2% – What’s Next?

ProShares UltraPro Dow30 (NYSEARCA:UDOW)’s stock price were up 3.2% on Thursday. The stock traded as high as $67.63 and last traded at $67.37. Approximately 2,105,361 shares traded hands during trading, a decline of 31% from the average daily volume of 3,067,756 shares. The stock had previously closed at $65.29.

ProShares UltraPro Dow30 Trading Up 3.2%

The firm’s 50 day moving average price is $69.42 and its two-hundred day moving average price is $66.12. The company has a market capitalization of $939.81 million, a price-to-earnings ratio of 20.47 and a beta of 2.61.

Institutional Trading of ProShares UltraPro Dow30

Several hedge funds and other institutional investors have recently modified their holdings of UDOW. World Investment Advisors lifted its holdings in ProShares UltraPro Dow30 by 2.4% during the 1st quarter. World Investment Advisors now owns 13,885 shares of the company’s stock worth $697,000 after purchasing an additional 329 shares during the last quarter. Group One Trading LLC acquired a new stake in shares of ProShares UltraPro Dow30 during the first quarter worth $52,000. Fifth Third Bancorp acquired a new stake in shares of ProShares UltraPro Dow30 during the first quarter worth $100,000. Strategic Investment Advisors MI bought a new stake in shares of ProShares UltraPro Dow30 in the first quarter valued at about $231,000. Finally, Koshinski Asset Management Inc. boosted its position in shares of ProShares UltraPro Dow30 by 206.1% in the first quarter. Koshinski Asset Management Inc. now owns 12,609 shares of the company’s stock valued at $633,000 after acquiring an additional 8,490 shares during the period.

ProShares UltraPro Dow30 Company 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.