Simplex Trading LLC Sells 3,390 Shares of ProShares Ultra Financials $UYG

Simplex Trading LLC reduced its stake in shares of ProShares Ultra Financials (NYSEARCA:UYG) by 88.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 437 shares of the company’s stock after selling 3,390 shares during the quarter. Simplex Trading LLC’s holdings in ProShares Ultra Financials were worth $38,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in ProShares Ultra Financials during the 4th quarter valued at about $654,000. Cambridge Investment Research Advisors Inc. increased its position in shares of ProShares Ultra Financials by 11.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,981 shares of the company’s stock worth $444,000 after acquiring an additional 492 shares during the period. US Bancorp DE raised its stake in shares of ProShares Ultra Financials by 60.0% during the first quarter. US Bancorp DE now owns 480 shares of the company’s stock valued at $43,000 after acquiring an additional 180 shares in the last quarter. Allworth Financial LP bought a new stake in shares of ProShares Ultra Financials during the first quarter valued at approximately $34,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of ProShares Ultra Financials in the first quarter valued at approximately $53,000.

ProShares Ultra Financials Stock Up 3.3%

Shares of NYSEARCA UYG opened at $98.62 on Monday. The business has a fifty day simple moving average of $94.26 and a two-hundred day simple moving average of $89.63. The firm has a market cap of $893.50 million, a PE ratio of 17.45 and a beta of 2.08. ProShares Ultra Financials has a twelve month low of $63.09 and a twelve month high of $99.92.

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.