ProShares Ultra Financials (NYSEARCA:UYG) Sees Strong Trading Volume

ProShares Ultra Financials (NYSEARCA:UYG – Get Rating) shares saw unusually-strong trading volume on Friday . Approximately 21,027 shares were traded during trading, an increase of 10% from the previous session’s volume of 19,185 shares.The stock last traded at $42.50 and had previously closed at $44.67.

ProShares Ultra Financials Stock Performance

The stock has a 50-day moving average price of $50.34 and a 200 day moving average price of $47.05.

Institutional Investors Weigh In On ProShares Ultra Financials

Institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new stake in ProShares Ultra Financials in the 2nd quarter worth about $32,000. Royal Bank of Canada acquired a new stake in ProShares Ultra Financials in the 1st quarter worth about $49,000. UBS Group AG boosted its holdings in ProShares Ultra Financials by 3,412.0% in the 3rd quarter. UBS Group AG now owns 4,671 shares of the company’s stock worth $177,000 after buying an additional 4,538 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in ProShares Ultra Financials in the 4th quarter worth about $209,000. Finally, Parisi Gray Wealth Management acquired a new stake in ProShares Ultra Financials in the 4th quarter worth about $243,000.

ProShares Ultra Financials Company Profile

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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.