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

ProShares Ultra Financials (NYSEARCA:UYG) shares saw an uptick in trading volume on Wednesday . 14,517 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 15,680 shares.The stock last traded at $85.7450 and had previously closed at $86.62.

ProShares Ultra Financials Trading Down 1.0%

The firm has a market capitalization of $746.83 million, a P/E ratio of 17.45 and a beta of 1.77. The business has a 50 day moving average of $81.11 and a 200-day moving average of $83.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UYG. Western Wealth Management LLC acquired a new stake in shares of ProShares Ultra Financials during the first quarter worth $31,000. Quantinno Capital Management LP boosted its stake in ProShares Ultra Financials by 307.1% in the 1st quarter. Quantinno Capital Management LP now owns 12,721 shares of the company’s stock worth $934,000 after purchasing an additional 9,596 shares during the period. Cassaday & Co Wealth Management LLC increased its holdings in ProShares Ultra Financials by 14.4% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 39,801 shares of the company’s stock worth $2,922,000 after purchasing an additional 5,000 shares in the last quarter. Main Street Group LTD bought a new position in ProShares Ultra Financials during the 1st quarter worth about $44,000. Finally, Independent Financial Group LLC acquired a new stake in shares of ProShares Ultra Financials in the 1st quarter valued at about $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.