ProShares UltraPro Dow30 (NYSEARCA:UDOW) Sees Unusually-High Trading Volume – Here’s Why

Shares of ProShares UltraPro Dow30 (NYSEARCA:UDOW) saw strong trading volume on Tuesday . 7,898,307 shares traded hands during mid-day trading, an increase of 235% from the previous session’s volume of 2,361,192 shares.The stock last traded at $104.63 and had previously closed at $106.81.

ProShares UltraPro Dow30 Price Performance

The business’s fifty day moving average price is $108.42 and its 200 day moving average price is $97.61. The stock has a market cap of $643.17 million, a P/E ratio of 20.47 and a beta of 2.79.

ProShares UltraPro Dow30’s stock is going to split on Thursday, November 20th. The 2-1 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Wednesday, November 19th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CPR Investments Inc. raised its position in shares of ProShares UltraPro Dow30 by 1.2% during the third quarter. CPR Investments Inc. now owns 8,109 shares of the company’s stock worth $868,000 after acquiring an additional 96 shares during the last quarter. Millington Financial Advisors LLC lifted its position in shares of ProShares UltraPro Dow30 by 1.3% in the 3rd quarter. Millington Financial Advisors LLC now owns 8,309 shares of the company’s stock worth $867,000 after purchasing an additional 105 shares during the period. Significant Wealth Partners LLC boosted its stake in shares of ProShares UltraPro Dow30 by 1.2% in the 3rd quarter. Significant Wealth Partners LLC now owns 9,083 shares of the company’s stock valued at $972,000 after purchasing an additional 109 shares during the last quarter. Founders Financial Securities LLC increased its position in shares of ProShares UltraPro Dow30 by 1.9% during the third quarter. Founders Financial Securities LLC now owns 8,206 shares of the company’s stock worth $878,000 after buying an additional 150 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in ProShares UltraPro Dow30 by 35.8% in the second quarter. SBI Securities Co. Ltd. now owns 1,563 shares of the company’s stock valued at $148,000 after buying an additional 412 shares during the period.

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.