ProShares Ultra Basic Materials Price & Performance (UYM)

The Bank of New York Mellon Corp. has reduced its stake in Ryerson Holding Co. by 9.1% during the fourth quarter, selling 23,223 shares. This adjustment leaves the bank with 231,374 shares, representing 0.73% of the company. Ryerson's stock recently opened at $23.63, with a market cap of $752.58 million.1

ProShares Ultra Nasdaq Biotechnology saw its share price dip below its 50-day moving average, trading as low as $53.07. The ETF closed at $54.71, with its 50-day average at $54.01. The fund seeks to deliver twice the daily performance of the Nasdaq Biotechnology Index and has seen fluctuating investor activity.2

Bank of New York Mellon Corp. has increased its investment in Olympic Steel, acquiring shares to further solidify its position. The company, listed on NASDAQ as ZEUS, continues to attract institutional interest, reflecting confidence in its operations and market potential.3