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

ProShares Ultra Financials (NYSEARCA:UYG) shares saw strong trading volume on Monday . 10,462 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 16,747 shares.The stock last traded at $99.8980 and had previously closed at $97.26.

ProShares Ultra Financials Price Performance

The stock has a fifty day moving average price of $93.04 and a two-hundred day moving average price of $83.87. The company has a market cap of $862.29 million, a P/E ratio of 17.45 and a beta of 1.75.

Institutional Trading of ProShares Ultra Financials

Large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new stake in ProShares Ultra Financials during the 2nd quarter valued at $158,000. Lowery Thomas LLC bought a new position in shares of ProShares Ultra Financials in the second quarter worth $277,000. Western Wealth Management LLC bought a new position in shares of ProShares Ultra Financials in the first quarter worth $31,000. Quantinno Capital Management LP grew its stake in shares of ProShares Ultra Financials by 307.1% in the first quarter. Quantinno Capital Management LP now owns 12,721 shares of the company’s stock worth $934,000 after purchasing an additional 9,596 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of ProShares Ultra Financials by 14.4% during the first quarter. Cassaday & Co Wealth Management LLC now owns 39,801 shares of the company’s stock valued at $2,922,000 after purchasing an additional 5,000 shares during the period.

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.