Simplex Trading LLC Takes Position in ProShares Ultra Financials (NYSEARCA:UYG)

Simplex Trading LLC acquired a new position in shares of ProShares Ultra Financials (NYSEARCA:UYG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,827 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of ProShares Ultra Financials in the fourth quarter valued at about $51,000. Envestnet Portfolio Solutions Inc. bought a new stake in ProShares Ultra Financials during the 4th quarter valued at approximately $205,000. WealthTrust Asset Management LLC acquired a new stake in ProShares Ultra Financials in the 4th quarter valued at approximately $205,000. Wharton Business Group LLC bought a new position in ProShares Ultra Financials in the 4th quarter worth approximately $215,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of ProShares Ultra Financials during the third quarter worth approximately $232,000.

ProShares Ultra Financials Trading Up 2.1 %

Shares of ProShares Ultra Financials stock opened at $90.60 on Thursday. ProShares Ultra Financials has a 1 year low of $59.86 and a 1 year high of $99.92. The company’s fifty day simple moving average is $92.20 and its 200-day simple moving average is $87.76. The company has a market cap of $866.14 million, a price-to-earnings ratio of 15.90 and a beta of 2.13.

ProShares Ultra Financials Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a $0.2736 dividend. This is a positive change from ProShares Ultra Financials’s previous dividend of $0.11. The ex-dividend date was Wednesday, March 26th.

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.