ProShares UltraPro Dow30 (NYSEARCA:UDOW) Shares Gap Down to $89.52

ProShares UltraPro Dow30 (NYSEARCA:UDOW) gapped down before the market opened on Thursday . The stock had previously closed at $85.18, but opened at $89.52. ProShares UltraPro Dow30 shares last traded at $90.34, with a volume of 21,146 shares trading hands.

The firm’s 50 day simple moving average is $104.51 and its 200 day simple moving average is $98.34.

A number of hedge funds and other institutional investors have recently made changes to their positions in UDOW. Valeo Financial Advisors LLC acquired a new stake in ProShares UltraPro Dow30 during the 2nd quarter valued at approximately $55,000. Royal Bank of Canada acquired a new position in shares of ProShares UltraPro Dow30 in the 2nd quarter valued at $127,000. Sawtooth Solutions LLC acquired a new position in shares of ProShares UltraPro Dow30 in the 1st quarter valued at $262,000. Bank of New York Mellon Corp acquired a new position in shares of ProShares UltraPro Dow30 in the 4th quarter valued at $292,000. Finally, Institutional & Family Asset Management LLC lifted its stake in shares of ProShares UltraPro Dow30 by 339.6% in the 1st quarter. Institutional & Family Asset Management LLC now owns 3,200 shares of the company’s stock valued at $309,000 after purchasing an additional 2,472 shares during the period.

ProShares UltraPro Dow30 Company Profile (NYSEARCA:UDOW)

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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