ProShares UltraPro Dow30 (NYSEARCA:UDOW) Sets New 52-Week High – Time to Buy?

ProShares UltraPro Dow30 (NYSEARCA:UDOW) reached a new 52-week high on Friday . The company traded as high as $68.39 and last traded at $66.6940, with a volume of 1929271 shares trading hands. The stock had previously closed at $68.00.

ProShares UltraPro Dow30 Stock Performance

The stock has a 50 day simple moving average of $59.09 and a two-hundred day simple moving average of $58.72. The firm has a market cap of $863.64 million, a PE ratio of 20.47 and a beta of 2.61.

Institutional Investors Weigh In On ProShares UltraPro Dow30

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its position in shares of ProShares UltraPro Dow30 by 100.0% during the 4th quarter. NewEdge Advisors LLC now owns 470 shares of the company’s stock valued at $27,000 after acquiring an additional 235 shares during the period. Larson Financial Group LLC grew its position in shares of ProShares UltraPro Dow30 by 100.8% during the 4th quarter. Larson Financial Group LLC now owns 749 shares of the company’s stock valued at $43,000 after acquiring an additional 376 shares during the period. Federation des caisses Desjardins du Quebec grew its position in shares of ProShares UltraPro Dow30 by 107.7% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 858 shares of the company’s stock valued at $50,000 after acquiring an additional 445 shares during the period. Group One Trading LLC acquired a new stake in shares of ProShares UltraPro Dow30 during the 1st quarter valued at about $52,000. Finally, O Shaughnessy Asset Management LLC grew its position in shares of ProShares UltraPro Dow30 by 100.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,150 shares of the company’s stock valued at $67,000 after acquiring an additional 575 shares during the period.

ProShares UltraPro Dow30 Company Profile

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.