ProShares Ultra Financials (NYSEARCA:UYG) Trading 0.3% Higher

ProShares Ultra Financials (NYSEARCA:UYG)’s share price shot up 0.3% during mid-day trading on Friday . The stock traded as high as $30.29 and last traded at $29.09, 97,100 shares were traded during mid-day trading. A decline of 39% from the average session volume of 159,516 shares. The stock had previously closed at $29.01.

The company’s fifty day moving average price is $29.39 and its 200-day moving average price is $38.35.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. purchased a new stake in shares of ProShares Ultra Financials in the first quarter worth approximately $36,000. Private Ocean LLC bought a new position in ProShares Ultra Financials in the 1st quarter valued at $179,000. UBS Group AG grew its position in ProShares Ultra Financials by 28.6% in the 4th quarter. UBS Group AG now owns 3,956 shares of the company’s stock valued at $212,000 after acquiring an additional 879 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in ProShares Ultra Financials by 5.5% in the first quarter. Harbor Investment Advisory LLC now owns 9,575 shares of the company’s stock worth $227,000 after purchasing an additional 500 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of ProShares Ultra Financials by 6.2% during the first quarter. PNC Financial Services Group Inc. now owns 17,020 shares of the company’s stock worth $404,000 after purchasing an additional 1,000 shares during the last quarter.

ProShares Ultra Financials Company Profile (NYSEARCA:UYG)

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.

Featured Article: The basics of gap trading strategies

Receive News & Ratings for ProShares Ultra Financials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Financials and related companies with MarketBeat.com's FREE daily email newsletter.