ProShares UltraPro Dow30 (NYSEARCA:UDOW) Shares Gap Down to $89.52

ProShares UltraPro Dow30 (NYSEARCA:UDOW) shares gapped down before the market opened on Thursday . The stock had previously closed at $85.18, but opened at $89.52. ProShares UltraPro Dow30 shares last traded at $90.34, with a volume of 21,146 shares trading hands.

The company’s 50 day moving average is $104.68 and its two-hundred day moving average is $98.36.

A number of institutional investors and hedge funds have recently bought and sold shares of UDOW. Bank of New York Mellon Corp purchased a new position in ProShares UltraPro Dow30 during the fourth quarter valued at $292,000. Harvest Investment Services LLC grew its stake in shares of ProShares UltraPro Dow30 by 140.3% in the 1st quarter. Harvest Investment Services LLC now owns 11,675 shares of the company’s stock worth $1,167,000 after buying an additional 6,816 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of ProShares UltraPro Dow30 in the 1st quarter worth $875,000. Sawtooth Solutions LLC purchased a new position in shares of ProShares UltraPro Dow30 in the 1st quarter worth $262,000. Finally, Institutional & Family Asset Management LLC grew its stake in shares of ProShares UltraPro Dow30 by 339.6% in the 1st quarter. Institutional & Family Asset Management LLC now owns 3,200 shares of the company’s stock worth $309,000 after buying an additional 2,472 shares in the last quarter.

ProShares UltraPro Dow30 Company Profile (NYSEARCA:UDOW)

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.

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