ProShares UltraPro Dow30 (NYSEARCA:UDOW) Reaches New 1-Year Low – Should You Sell?

ProShares UltraPro Dow30 (NYSEARCA:UDOW) reached a new 52-week low during trading on Friday . The company traded as low as $70.83 and last traded at $70.41, with a volume of 897310 shares changing hands. The stock had previously closed at $78.53.

ProShares UltraPro Dow30 Trading Down 16.4 %

The business has a 50-day moving average price of $96.61 and a 200 day moving average price of $98.79. The stock has a market capitalization of $479.03 million, a P/E ratio of 20.78 and a beta of 2.76.

ProShares UltraPro Dow30 Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a $0.3172 dividend. This is a positive change from ProShares UltraPro Dow30’s previous dividend of $0.31. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares UltraPro Dow30

Institutional investors have recently made changes to their positions in the stock. Discipline Wealth Solutions LLC boosted its position in shares of ProShares UltraPro Dow30 by 55.8% during the fourth quarter. Discipline Wealth Solutions LLC now owns 6,982 shares of the company’s stock worth $660,000 after buying an additional 2,500 shares during the period. GTS Securities LLC lifted its stake in ProShares UltraPro Dow30 by 58.9% during the 4th quarter. GTS Securities LLC now owns 36,482 shares of the company’s stock worth $3,447,000 after acquiring an additional 13,517 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in ProShares UltraPro Dow30 by 23.2% during the 4th quarter. Cresset Asset Management LLC now owns 2,710 shares of the company’s stock valued at $256,000 after acquiring an additional 510 shares during the period. Jump Financial LLC purchased a new position in ProShares UltraPro Dow30 during the 4th quarter valued at about $744,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in ProShares UltraPro Dow30 in the 4th quarter valued at about $74,000.

About ProShares UltraPro Dow30

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.