ProShares Ultra Industrials (NYSEARCA:UXI) shares shot up 1.4% during mid-day trading on Friday . The stock traded as high as $78.50 and last traded at $79.63, 766 shares changed hands during mid-day trading. A decline of 59% from the average session volume of 1,891 shares. The stock had previously closed at $78.50.
The firm’s 50-day moving average is $75.29.
An institutional investor recently bought a new position in ProShares Ultra Industrials stock. RPg Family Wealth Advisory LLC acquired a new stake in ProShares Ultra Industrials (NYSEARCA:UXI) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 875 shares of the company’s stock, valued at approximately $64,000. RPg Family Wealth Advisory LLC owned 0.32% of ProShares Ultra Industrials as of its most recent filing with the SEC.
ProShares Ultra Industrials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones United States Industrials Index. The Dow Jones United States Industrials Index measures the performance of the industrial industry of the United States equity market. Component companies include building materials, heavy construction, factory equipment, heavy machinery, industrial services, pollution control, containers and packaging, industrial diversified, air freight, marine transportation, railroads, trucking, land-transportation equipment, shipbuilding, transportation services, advanced industrial equipment, electric components and equipment, and aerospace.
Further Reading: Price-Sales Ratio
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