ProShares Ultra Financials (NYSEARCA:UYG) Hits New 1-Year High at $68.10

ProShares Ultra Financials (NYSEARCA:UYG)’s share price reached a new 52-week high on Thursday . The stock traded as high as $68.10 and last traded at $68.10, with a volume of 19058 shares changing hands. The stock had previously closed at $67.48.

ProShares Ultra Financials Trading Up 1.2 %

The company’s 50-day moving average is $61.44 and its 200-day moving average is $52.78.

Institutional Investors Weigh In On ProShares Ultra Financials

Several institutional investors and hedge funds have recently made changes to their positions in the business. Huntington National Bank acquired a new position in shares of ProShares Ultra Financials during the second quarter valued at about $27,000. Tennessee Valley Asset Management Partners bought a new stake in ProShares Ultra Financials in the 4th quarter worth about $33,000. Main Street Group LTD bought a new position in shares of ProShares Ultra Financials during the 4th quarter worth approximately $33,000. Royal Bank of Canada bought a new position in shares of ProShares Ultra Financials during the 1st quarter worth approximately $49,000. Finally, CWM LLC boosted its stake in shares of ProShares Ultra Financials by 2,903.2% in the 4th quarter. CWM LLC now owns 931 shares of the company’s stock worth $51,000 after buying an additional 900 shares during the last quarter.

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.