ProShares UltraPro Dow30 (NYSEARCA:UDOW) Sets New 1-Year High – Here’s What Happened

ProShares UltraPro Dow30 (NYSEARCA:UDOW)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $71.67 and last traded at $71.7840, with a volume of 697199 shares. The stock had previously closed at $70.09.

ProShares UltraPro Dow30 Price Performance

The company has a market capitalization of $931.99 million, a PE ratio of 20.47 and a beta of 2.61. The firm’s fifty day simple moving average is $63.90 and its 200 day simple moving average is $60.18.

Institutional Trading of ProShares UltraPro Dow30

A number of hedge funds have recently modified their holdings of the stock. Spectrum Financial Alliance Ltd LLC raised its position in ProShares UltraPro Dow30 by 150.5% during the first quarter. Spectrum Financial Alliance Ltd LLC now owns 88,732 shares of the company’s stock valued at $4,453,000 after acquiring an additional 53,304 shares in the last quarter. Optiver Holding B.V. boosted its position in ProShares UltraPro Dow30 by 115.7% in the 1st quarter. Optiver Holding B.V. now owns 64,567 shares of the company’s stock worth $3,240,000 after purchasing an additional 34,635 shares in the last quarter. IMC Chicago LLC grew its stake in shares of ProShares UltraPro Dow30 by 37.6% during the 4th quarter. IMC Chicago LLC now owns 62,249 shares of the company’s stock worth $3,605,000 after purchasing an additional 17,023 shares during the period. Jump Financial LLC acquired a new stake in shares of ProShares UltraPro Dow30 during the 4th quarter worth approximately $2,751,000. Finally, Encompass More Asset Management increased its holdings in shares of ProShares UltraPro Dow30 by 40.0% during the 4th quarter. Encompass More Asset Management now owns 45,130 shares of the company’s stock valued at $2,613,000 after purchasing an additional 12,895 shares in the last quarter.

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.