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

ProShares Ultra Financials (NYSEARCA:UYG) shares saw an uptick in trading volume on Tuesday . 23,245 shares traded hands during trading, an increase of 41% from the previous session’s volume of 16,478 shares.The stock last traded at $99.0610 and had previously closed at $97.12.

ProShares Ultra Financials Trading Up 1.9%

The company has a market capitalization of $857.44 million, a price-to-earnings ratio of 17.45 and a beta of 1.76. The company’s 50 day simple moving average is $87.96 and its 200-day simple moving average is $82.81.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. WealthCare Asset Management LLC bought a new position in ProShares Ultra Financials during the 4th quarter worth approximately $2,740,000. Independent Financial Group LLC bought a new stake in shares of ProShares Ultra Financials in the 1st quarter valued at approximately $397,000. Quantinno Capital Management LP raised its position in shares of ProShares Ultra Financials by 307.1% during the 1st quarter. Quantinno Capital Management LP now owns 12,721 shares of the company’s stock valued at $934,000 after acquiring an additional 9,596 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in ProShares Ultra Financials by 14.4% during the first quarter. Cassaday & Co Wealth Management LLC now owns 39,801 shares of the company’s stock worth $2,922,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Main Street Group LTD bought a new position in ProShares Ultra Financials during the first quarter worth $44,000.

ProShares Ultra Financials Company Profile

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.