ProShares UltraPro Dow30 (NYSEARCA:UDOW) saw strong trading volume on Tuesday . 454,330 shares were traded during trading, a decline of 83% from the previous session’s volume of 2,705,645 shares.The stock last traded at $72.62 and had previously closed at $75.41.
The stock has a 50-day moving average price of $76.39 and a 200 day moving average price of $72.83.
A number of large investors have recently added to or reduced their stakes in the business. Probabilities Fund Management LLC lifted its position in shares of ProShares UltraPro Dow30 by 111.4% in the 2nd quarter. Probabilities Fund Management LLC now owns 77,770 shares of the company’s stock valued at $5,683,000 after acquiring an additional 40,990 shares in the last quarter. Flow Traders U.S. LLC grew its position in ProShares UltraPro Dow30 by 585.6% in the 2nd quarter. Flow Traders U.S. LLC now owns 24,139 shares of the company’s stock worth $1,764,000 after purchasing an additional 20,618 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of ProShares UltraPro Dow30 by 100.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 20,200 shares of the company’s stock worth $1,476,000 after acquiring an additional 10,100 shares during the period. IMC Chicago LLC bought a new position in ProShares UltraPro Dow30 during the 2nd quarter valued at about $1,460,000. Finally, Morgan Stanley lifted its holdings in ProShares UltraPro Dow30 by 291.0% during the 2nd quarter. Morgan Stanley now owns 14,821 shares of the company’s stock valued at $1,084,000 after purchasing an additional 11,030 shares during the last quarter.
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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