ProShares Ultra Financials (NYSEARCA:UYG) Sets New 52-Week High – Should You Buy?

ProShares Ultra Financials (NYSEARCA:UYG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $92.74 and last traded at $92.68, with a volume of 9883 shares. The stock had previously closed at $90.12.

ProShares Ultra Financials Trading Up 2.7 %

The company’s fifty day moving average is $81.29 and its 200-day moving average is $72.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL purchased a new position in ProShares Ultra Financials in the third quarter valued at $92,000. Creative Planning purchased a new position in ProShares Ultra Financials in the third quarter valued at $200,000. Parisi Gray Wealth Management purchased a new position in ProShares Ultra Financials in the third quarter valued at $207,000. Great Valley Advisor Group Inc. purchased a new position in ProShares Ultra Financials in the third quarter valued at $212,000. Finally, James J. Burns & Company LLC purchased a new position in ProShares Ultra Financials in the third quarter valued at $218,000.

ProShares Ultra Financials Company Profile

ProShares Ultra Financials (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financial services industry of the United States equity market. Component companies include regional banks; United States domiciled international banks; full line, life, and property and casualty insurance companies; companies that invest, directly or indirectly in real estate; diversified financial companies, such as credit card issuers, check cashing companies, mortgage lenders and investment advisers; securities brokers and dealers including investment banks, merchant banks and online brokers; and publicly traded stock exchanges.