ProShares UltraPro Dow30 (NYSEARCA:UDOW) Stock Price Up 3.5% – Here’s What Happened

ProShares UltraPro Dow30 (NYSEARCA:UDOW)’s stock price were up 3.5% during mid-day trading on Thursday . The company traded as high as $74.78 and last traded at $74.49. Approximately 1,207,637 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 3,244,515 shares. The stock had previously closed at $71.96.

ProShares UltraPro Dow30 Trading Up 3.5%

The stock has a market cap of $905.05 million, a PE ratio of 20.47 and a beta of 2.60. The business has a 50-day moving average price of $71.99 and a 200 day moving average price of $63.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Securities LLC lifted its position in shares of ProShares UltraPro Dow30 by 21.3% during the second quarter. Two Sigma Securities LLC now owns 5,491 shares of the company’s stock worth $518,000 after acquiring an additional 965 shares in the last quarter. Corient Private Wealth LLC boosted its stake in ProShares UltraPro Dow30 by 6.8% in the 2nd quarter. Corient Private Wealth LLC now owns 20,121 shares of the company’s stock worth $1,900,000 after purchasing an additional 1,275 shares during the period. Tower Research Capital LLC TRC boosted its stake in ProShares UltraPro Dow30 by 39.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 38,652 shares of the company’s stock worth $3,650,000 after purchasing an additional 10,877 shares during the period. JPMorgan Chase & Co. grew its holdings in ProShares UltraPro Dow30 by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,275 shares of the company’s stock valued at $244,000 after buying an additional 718 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of ProShares UltraPro Dow30 during the third quarter valued at about $3,456,000.

About ProShares UltraPro Dow30

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. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.