ProShares UltraPro Dow30 (NYSEARCA:UDOW) Reaches New 52-Week High – Here’s What Happened

ProShares UltraPro Dow30 (NYSEARCA:UDOW)’s share price hit a new 52-week high on Tuesday . The company traded as high as $73.17 and last traded at $73.17, with a volume of 1296717 shares traded. The stock had previously closed at $72.30.

ProShares UltraPro Dow30 Trading Up 1.2%

The stock has a market capitalization of $903.65 million, a P/E ratio of 20.47 and a beta of 2.60. The company has a 50-day moving average price of $64.85 and a two-hundred day moving average price of $60.53.

Institutional Investors Weigh In On ProShares UltraPro Dow30

A number of hedge funds have recently added to or reduced their stakes in UDOW. Spectrum Financial Alliance Ltd LLC lifted its stake in ProShares UltraPro Dow30 by 150.5% in the first quarter. Spectrum Financial Alliance Ltd LLC now owns 88,732 shares of the company’s stock valued at $4,453,000 after buying an additional 53,304 shares during the period. Jump Financial LLC acquired a new stake in shares of ProShares UltraPro Dow30 during the 4th quarter worth approximately $2,751,000. Squarepoint Ops LLC bought a new stake in shares of ProShares UltraPro Dow30 in the 4th quarter valued at $2,533,000. Optiver Holding B.V. increased its stake in shares of ProShares UltraPro Dow30 by 115.7% in the 1st quarter. Optiver Holding B.V. now owns 64,567 shares of the company’s stock valued at $3,240,000 after acquiring an additional 34,635 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of ProShares UltraPro Dow30 in the 3rd quarter valued at $3,456,000.

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.