ProShares Ultra Financials (NYSEARCA:UYG) Reaches New 12-Month High – Here’s Why

ProShares Ultra Financials (NYSEARCA:UYG)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $92.74 and last traded at $92.68, with a volume of 9883 shares traded. The stock had previously closed at $90.12.

ProShares Ultra Financials Stock Performance

The business has a 50-day moving average of $81.67 and a 200 day moving average of $72.80.

Institutional Investors Weigh In On ProShares Ultra Financials

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares Ultra Financials in the 3rd quarter valued at approximately $92,000. Creative Planning bought a new position in shares of ProShares Ultra Financials in the third quarter worth $200,000. Parisi Gray Wealth Management bought a new position in shares of ProShares Ultra Financials in the third quarter worth $207,000. Great Valley Advisor Group Inc. bought a new position in shares of ProShares Ultra Financials in the third quarter worth $212,000. Finally, James J. Burns & Company LLC bought a new position in ProShares Ultra Financials during the third quarter valued at 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.