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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 May 9, 2024, UDOW stock price climbed to $81.37 with 1,909,590 million shares trading.
UDOW has a beta of 2.23, meaning it tends to be more sensitive to market movements. UDOW has a correlation of 0.70 to the broad based SPY ETF.
UDOW has a market cap of $626.55 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 price return of +45.0% while the SPY ETF gained +27.7%. However, in the short term, UDOW had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.4% vs +4.7% return in SPY. But in the last 2 weeks, UDOW shares have fared better than the market returning +6.8% compared to SPY +2.9%.
UDOW support price is $77.33 and resistance is $81.17 (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.