ProShares UltraPro Dow30 (NYSEARCA:UDOW – Get Free Report)’s stock price fell 1% during trading on Thursday. The company traded as low as $63.78 and last traded at $64.64. 1,703,953 shares were traded during trading, a decline of 46% from the average session volume of 3,138,718 shares. The stock had previously closed at $65.27.
ProShares UltraPro Dow30 Stock Performance
The firm has a market capitalization of $827.39 million, a price-to-earnings ratio of 20.47 and a beta of 2.60. The firm’s 50-day moving average price is $71.18 and its two-hundred day moving average price is $64.70.
Institutional Investors Weigh In On ProShares UltraPro Dow30
Institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its holdings in shares of ProShares UltraPro Dow30 by 100.8% in the 4th quarter. Larson Financial Group LLC now owns 749 shares of the company’s stock worth $43,000 after buying an additional 376 shares in the last quarter. Group One Trading LLC acquired a new stake in ProShares UltraPro Dow30 in the 1st quarter valued at $52,000. EverSource Wealth Advisors LLC boosted its stake in ProShares UltraPro Dow30 by 100.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the company’s stock valued at $74,000 after buying an additional 638 shares in the last quarter. Fifth Third Bancorp acquired a new stake in ProShares UltraPro Dow30 in the 1st quarter valued at $100,000. Finally, Strategic Investment Advisors MI bought a new stake in ProShares UltraPro Dow30 in the first quarter valued at $231,000.
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. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.
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