ProShares Ultra Utilities (NYSEARCA:UPW) Shares Down 0.6%
ProShares Ultra Utilities (NYSEARCA:UPW)’s share price fell 0.6% during mid-day trading on Thursday . The stock traded as low as $64.04 and last traded at $63.78, 1 shares traded hands during mid-day trading. A decline of 100% from the average session volume of 3,640 shares. The stock had previously closed at $64.16.
The firm has a 50 day moving average of $61.44 and a 200-day moving average of $57.98.
A hedge fund recently bought a new stake in ProShares Ultra Utilities stock. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Utilities (NYSEARCA:UPW) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,974 shares of the company’s stock, valued at approximately $420,000. Susquehanna International Group LLP owned approximately 2.32% of ProShares Ultra Utilities at the end of the most recent reporting period.
ProShares Ultra Utilities (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Utilities Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.
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