UDOW Stock Summary and Trading Ideas (ProShares Ultrapro Dow30 | ARCA:UDOW)

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.

ProShares Ultrapro Dow30 trades on the ARCA stock market under the symbol UDOW.

As of April 17, 2024, UDOW stock price declined to $72.16 with 4,413,630 million shares trading.

UDOW has a beta of 2.49, meaning it tends to be more sensitive to market movements. UDOW has a correlation of 0.77 to the broad based SPY ETF.

UDOW has a market cap of $591.71 million. This is considered a Small Cap stock.

In the last 3 years, UDOW stock traded as high as $88.98 and as low as $37.98.

UDOW has outperformed the market in the last year with a return of +24.6%, while the SPY ETF gained +23.0%. However, in the most recent history, UDOW shares have underperformed the stock market with its stock returning +0.4% in the last 3 month period and -11.1% for the last 2 week period, while SPY has returned +5.7% and -3.5%, respectively.

UDOW support price is $70.79 and resistance is $74.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UDOW stock will trade within this expected range on the day.