FNY Investment Advisers LLC Invests $1.55 Million in ProShares UltraPro Dow30 $UDOW

FNY Investment Advisers LLC bought a new stake in ProShares UltraPro Dow30 (NYSEARCA:UDOW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,700 shares of the company’s stock, valued at approximately $1,546,000. FNY Investment Advisers LLC owned 0.21% of ProShares UltraPro Dow30 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of UDOW. SBI Securities Co. Ltd. raised its stake in ProShares UltraPro Dow30 by 32.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,066 shares of the company’s stock valued at $221,000 after buying an additional 503 shares during the period. JPMorgan Chase & Co. lifted its position in shares of ProShares UltraPro Dow30 by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 2,275 shares of the company’s stock valued at $244,000 after buying an additional 718 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of ProShares UltraPro Dow30 during the 3rd quarter worth approximately $249,000. Two Sigma Securities LLC increased its holdings in shares of ProShares UltraPro Dow30 by 21.3% during the 2nd quarter. Two Sigma Securities LLC now owns 5,491 shares of the company’s stock worth $518,000 after acquiring an additional 965 shares during the last quarter. Finally, Innova Wealth Partners increased its holdings in shares of ProShares UltraPro Dow30 by 101.3% during the 4th quarter. Innova Wealth Partners now owns 10,546 shares of the company’s stock worth $611,000 after acquiring an additional 5,308 shares during the last quarter.

ProShares UltraPro Dow30 Trading Down 0.4%

UDOW opened at $50.73 on Friday. The stock’s fifty day simple moving average is $57.38 and its 200 day simple moving average is $56.85. ProShares UltraPro Dow30 has a 1-year low of $28.45 and a 1-year high of $66.21. The stock has a market cap of $636.66 million, a PE ratio of 20.47 and a beta of 2.79.

ProShares UltraPro Dow30 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were given a $0.1437 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.57 annualized dividend and a dividend yield of 1.1%.

ProShares UltraPro Dow30 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. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.