UYG Stock Summary and Trading Ideas (ProShares Ultra Financials | ARCA:UYG)

ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Financial Select Sector Index.

ProShares Ultra Financials trades on the ARCA stock market under the symbol UYG.

As of April 24, 2024, UYG stock price declined to $64.51 with 374 million shares trading.

UYG has a beta of 1.80, meaning it tends to be more sensitive to market movements. UYG has a correlation of 0.59 to the broad based SPY ETF.

UYG has a market cap of $674.63 million. This is considered a Small Cap stock.

In the last 3 years, UYG stock traded as high as $74.63 and as low as $35.38.

UYG has outperformed the market in the last year with a return of +44.7%, while the SPY ETF gained +24.7%. In the last 3 month period, UYG beat the market returning +14.4%, while SPY returned +5.0%. However, in the most recent 2 weeks UYG has underperformed the stock market by returning -2.4%, while SPY returned -2.3%.

UYG support price is $63.58 and resistance is $65.90 (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 UYG stock will trade within this expected range on the day.