ProShares UltraPro Dow30 (NYSEARCA:UDOW) Sees Large Volume Increase

ProShares UltraPro Dow30 (NYSEARCA:UDOW) shares saw an uptick in trading volume on Monday . 364,372 shares traded hands during trading, a decline of 86% from the previous session’s volume of 2,658,137 shares.The stock last traded at $69.11 and had previously closed at $73.71.

The company has a 50 day moving average price of $76.37 and a two-hundred day moving average price of $72.41.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. raised its stake in ProShares UltraPro Dow30 by 403.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 806 shares of the company’s stock valued at $59,000 after purchasing an additional 646 shares during the last quarter. Wells Fargo & Company MN acquired a new stake in shares of ProShares UltraPro Dow30 in the 2nd quarter worth $69,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares UltraPro Dow30 in the 1st quarter worth $167,000. WESPAC Advisors LLC acquired a new stake in shares of ProShares UltraPro Dow30 in the 1st quarter worth $225,000. Finally, UBS Group AG increased its stake in shares of ProShares UltraPro Dow30 by 104.3% in the 1st quarter. UBS Group AG now owns 1,994 shares of the company’s stock worth $256,000 after acquiring an additional 1,018 shares during the last quarter.

ProShares UltraPro Dow30 Company Profile (NYSEARCA:UDOW)

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.

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