ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Up 56.5% in September

ProShares Ultra Dow30 (NYSEARCA:DDM) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 44,600 shares, a growth of 56.5% from the September 15th total of 28,500 shares. Based on an average daily trading volume, of 218,900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 218,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On ProShares Ultra Dow30

Large investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new stake in shares of ProShares Ultra Dow30 in the second quarter valued at about $48,478,000. Tower Research Capital LLC TRC raised its holdings in ProShares Ultra Dow30 by 32,044.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 33,752 shares of the company’s stock valued at $3,309,000 after acquiring an additional 33,647 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in ProShares Ultra Dow30 in the 2nd quarter valued at about $1,005,000. Townsquare Capital LLC purchased a new position in ProShares Ultra Dow30 in the 1st quarter worth approximately $754,000. Finally, GenWealth Group Inc. boosted its holdings in shares of ProShares Ultra Dow30 by 7.9% during the 2nd quarter. GenWealth Group Inc. now owns 76,264 shares of the company’s stock worth $7,476,000 after purchasing an additional 5,591 shares during the last quarter.

ProShares Ultra Dow30 Price Performance

Shares of ProShares Ultra Dow30 stock opened at $108.41 on Friday. The stock has a market capitalization of $455.32 million, a P/E ratio of 20.98 and a beta of 1.92. The business has a 50 day simple moving average of $105.38 and a two-hundred day simple moving average of $96.39. ProShares Ultra Dow30 has a 12 month low of $69.07 and a 12 month high of $110.35.

About ProShares Ultra Dow30

The ProShares Ultra Dow30 (DDM) is an exchange-traded fund that is based on the Dow Jones Industrial Average index. The fund provides 2x leveraged exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest and most stable US companies. DDM was launched on Jun 19, 2006 and is managed by ProShares.