ProShares Ultra Financials (NYSEARCA:UYG) Stock Price Up 0.4% – Time to Buy?

ProShares Ultra Financials (NYSEARCA:UYG) shares traded up 0.4% on Monday . The company traded as high as $86.03 and last traded at $86.00. 16,142 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 26,742 shares. The stock had previously closed at $85.65.

ProShares Ultra Financials Stock Up 0.4 %

The stock’s 50 day moving average price is $88.15 and its 200-day moving average price is $76.87.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares Ultra Financials in the third quarter worth $92,000. Creative Planning purchased a new position in shares of ProShares Ultra Financials in the third quarter valued at about $200,000. Parisi Gray Wealth Management purchased a new position in shares of ProShares Ultra Financials in the third quarter valued at about $207,000. Great Valley Advisor Group Inc. bought a new position in shares of ProShares Ultra Financials during the third quarter valued at about $212,000. Finally, James J. Burns & Company LLC purchased a new stake in shares of ProShares Ultra Financials during the third quarter worth about $218,000.

About ProShares Ultra Financials

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.