ProShares Ultra Financials (NYSEARCA:UYG) Sees Unusually-High Trading Volume – Here’s Why

Shares of ProShares Ultra Financials (NYSEARCA:UYG) saw strong trading volume on Monday . 15,053 shares changed hands during trading, a decline of 2% from the previous session’s volume of 15,436 shares.The stock last traded at $86.0690 and had previously closed at $84.34.

ProShares Ultra Financials Trading Down 0.9%

The firm’s 50 day moving average is $80.00 and its two-hundred day moving average is $84.05. The firm has a market cap of $760.79 million, a P/E ratio of 17.45 and a beta of 1.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UYG. Bank of America Corp DE lifted its holdings in ProShares Ultra Financials by 2.1% during the second quarter. Bank of America Corp DE now owns 6,146 shares of the company’s stock worth $587,000 after acquiring an additional 126 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in ProShares Ultra Financials during the second quarter worth about $215,000. MAI Capital Management lifted its holdings in ProShares Ultra Financials by 19.9% during the third quarter. MAI Capital Management now owns 1,055 shares of the company’s stock worth $105,000 after acquiring an additional 175 shares in the last quarter. Creative Planning lifted its holdings in ProShares Ultra Financials by 16.0% during the third quarter. Creative Planning now owns 4,296 shares of the company’s stock worth $426,000 after acquiring an additional 593 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in ProShares Ultra Financials by 20.6% during the third quarter. Focus Partners Wealth now owns 14,116 shares of the company’s stock worth $1,401,000 after acquiring an additional 2,413 shares in the last quarter.

ProShares Ultra Financials Company Profile

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.