ProShares Ultra Financials (NYSEARCA:UYG) Sees Large Volume Increase – Here’s What Happened

ProShares Ultra Financials (NYSEARCA:UYG) saw strong trading volume on Monday . 10,462 shares traded hands during 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 Stock Up 2.4%

The business’s 50 day moving average is $93.04 and its 200-day moving average is $83.87. The firm has a market cap of $862.29 million, a P/E ratio of 17.45 and a beta of 1.75.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UYG. WealthCare Asset Management LLC bought a new position in ProShares Ultra Financials during the fourth quarter worth $2,740,000. Focus Partners Wealth increased its stake in ProShares Ultra Financials by 71.3% during the fourth quarter. Focus Partners Wealth now owns 24,179 shares of the company’s stock valued at $2,302,000 after purchasing an additional 10,063 shares during the last quarter. Quantinno Capital Management LP increased its stake in ProShares Ultra Financials by 307.1% during the first quarter. Quantinno Capital Management LP now owns 12,721 shares of the company’s stock valued at $934,000 after purchasing an additional 9,596 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in ProShares Ultra Financials during the third quarter valued at $709,000. Finally, Independent Financial Group LLC acquired a new stake in shares of ProShares Ultra Financials during the first quarter worth $397,000.

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.