IMC Chicago LLC Buys New Shares in ProShares Ultra Utilities $UPW

IMC Chicago LLC bought a new stake in ProShares Ultra Utilities (NYSEARCA:UPW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,762 shares of the company’s stock, valued at approximately $646,000.

ProShares Ultra Utilities Trading Down 0.1%

ProShares Ultra Utilities stock opened at $25.10 on Wednesday. The firm has a market capitalization of $24.35 million, a P/E ratio of 21.21 and a beta of 1.21. The stock has a fifty day moving average price of $25.24 and a 200 day moving average price of $23.73. ProShares Ultra Utilities has a 52 week low of $18.62 and a 52 week high of $26.80.

About ProShares Ultra Utilities

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.