ProShares Ultra Financials (NYSEARCA:UYG) Shares Up 9.1% – Here’s What Happened

ProShares Ultra Financials (NYSEARCA:UYG) shares rose 9.1% on Tuesday . The stock traded as high as $74.57 and last traded at $75.36. Approximately 4,368 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 22,509 shares. The stock had previously closed at $69.06.

ProShares Ultra Financials Stock Up 2.4 %

The stock has a fifty day moving average of $90.93 and a two-hundred day moving average of $87.78. The stock has a market cap of $676.08 million, a price-to-earnings ratio of 15.90 and a beta of 2.13.

ProShares Ultra Financials Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.2736 dividend. This is a positive change from ProShares Ultra Financials’s previous dividend of $0.11. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Ultra Financials

Large investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in ProShares Ultra Financials during the 4th quarter worth approximately $51,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of ProShares Ultra Financials during the fourth quarter worth $205,000. WealthTrust Asset Management LLC purchased a new position in shares of ProShares Ultra Financials in the fourth quarter valued at $205,000. Wharton Business Group LLC acquired a new stake in ProShares Ultra Financials during the 4th quarter valued at $215,000. Finally, Sanctuary Advisors LLC purchased a new stake in ProShares Ultra Financials during the 3rd quarter worth $232,000.

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.