ProShares UltraPro Dow30 (NYSEARCA:UDOW) Sees Large Volume Increase – Time to Buy?

Posted by Thomas Dobrow on Jan 15th, 2025

Shares of ProShares UltraPro Dow30 (NYSEARCA:UDOW – Get Free Report) saw strong trading volume on Wednesday . 1,154,307 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 1,861,756 shares.The stock last traded at $98.52 and had previously closed at $93.84.

ProShares UltraPro Dow30 Stock Up 4.3 %

The firm’s fifty day moving average is $102.39 and its 200-day moving average is $93.84.

Institutional Trading of ProShares UltraPro Dow30

Several institutional investors and hedge funds have recently bought and sold shares of UDOW. Innova Wealth Partners bought a new stake in shares of ProShares UltraPro Dow30 in the 4th quarter valued at approximately $534,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares UltraPro Dow30 during the third quarter worth $179,000. Discipline Wealth Solutions LLC bought a new position in shares of ProShares UltraPro Dow30 in the 3rd quarter worth about $431,000. Quadrature Capital Ltd acquired a new position in shares of ProShares UltraPro Dow30 in the 3rd quarter valued at about $4,561,000. Finally, Flow Traders U.S. LLC grew its position in shares of ProShares UltraPro Dow30 by 64.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 6,648 shares of the company’s stock valued at $639,000 after buying an additional 2,600 shares during the last quarter.

ProShares UltraPro Dow30 Company Profile

(Get Free Report)

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.