ProShares Ultra Financials (NYSEARCA:UYG) Sets New 12-Month High – Here’s What Happened

ProShares Ultra Financials (NYSEARCA:UYG)’s share price reached a new 52-week high on Thursday. The stock traded as high as $104.50 and last traded at $102.3590, with a volume of 2,816 shares. The stock had previously closed at $101.94.

ProShares Ultra Financials Stock Performance

The company has a market capitalization of $789.45 million, a P/E ratio of 17.45 and a beta of 1.75. The stock’s fifty day moving average price is $91.64 and its 200-day moving average price is $86.29.

Hedge Funds Weigh In On ProShares Ultra Financials

A number of large investors have recently modified their holdings of the company. Integrity Alliance LLC. bought a new stake in ProShares Ultra Financials during the 3rd quarter worth approximately $300,000. Hartford Financial Management Inc. bought a new position in ProShares Ultra Financials in the 3rd quarter valued at $35,000. Toth Financial Advisory Corp purchased a new position in shares of ProShares Ultra Financials during the 3rd quarter valued at $2,363,000. Envestnet Asset Management Inc. grew its position in shares of ProShares Ultra Financials by 17.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,117 shares of the company’s stock valued at $352,000 after purchasing an additional 623 shares in the last quarter. Finally, MCF Advisors LLC grew its position in shares of ProShares Ultra Financials by 88.7% during the 2nd quarter. MCF Advisors LLC now owns 566 shares of the company’s stock valued at $48,000 after purchasing an additional 266 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.