ProShares UltraPro Dow30 (NYSEARCA:UDOW) Sets New 12-Month High – Time to Buy?

ProShares UltraPro Dow30 (NYSEARCA:UDOW)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $110.41 and last traded at $110.41, with a volume of 41359 shares changing hands. The stock had previously closed at $107.94.

ProShares UltraPro Dow30 Stock Performance

The business has a 50-day moving average price of $97.99 and a 200-day moving average price of $87.98.

Institutional Investors Weigh In On ProShares UltraPro Dow30

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UDOW. Farther Finance Advisors LLC grew its holdings in ProShares UltraPro Dow30 by 216.7% during the third quarter. Farther Finance Advisors LLC now owns 950 shares of the company’s stock worth $91,000 after acquiring an additional 650 shares during the period. Larson Financial Group LLC acquired a new stake in ProShares UltraPro Dow30 during the second quarter worth about $29,000. Ashton Thomas Private Wealth LLC grew its holdings in ProShares UltraPro Dow30 by 22.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 70,988 shares of the company’s stock worth $5,580,000 after acquiring an additional 12,817 shares during the period. Edgestream Partners L.P. acquired a new stake in ProShares UltraPro Dow30 during the second quarter worth about $272,000. Finally, Smith Chas P & Associates PA Cpas acquired a new stake in ProShares UltraPro Dow30 in the third quarter valued at approximately $240,000.

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.