ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 39,648 shares, a decrease of 48.8% from the May 14th total of 77,456 shares. Based on an average daily trading volume, of 132,186 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are short sold.
Institutional Investors Weigh In On ProShares Ultra Dow30
Institutional investors have recently made changes to their positions in the company. CPR Investments Inc. grew its holdings in shares of ProShares Ultra Dow30 by 277.8% during the fourth quarter. CPR Investments Inc. now owns 15,586 shares of the company’s stock valued at $886,000 after buying an additional 11,460 shares during the last quarter. Global View Capital Management LLC grew its holdings in shares of ProShares Ultra Dow30 by 271.1% during the fourth quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock valued at $32,189,000 after buying an additional 413,552 shares during the last quarter. Capital Investment Counsel Inc lifted its position in ProShares Ultra Dow30 by 100.0% during the fourth quarter. Capital Investment Counsel Inc now owns 66,050 shares of the company’s stock valued at $3,756,000 after purchasing an additional 33,025 shares during the period. Koshinski Asset Management Inc. lifted its position in ProShares Ultra Dow30 by 113.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 26,743 shares of the company’s stock valued at $1,521,000 after purchasing an additional 14,192 shares during the period. Finally, GenWealth Group Inc. lifted its position in ProShares Ultra Dow30 by 105.8% during the fourth quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock valued at $9,620,000 after purchasing an additional 82,230 shares during the period.
ProShares Ultra Dow30 Stock Up 1.4%
NYSEARCA:DDM opened at $63.01 on Friday. The company’s 50 day moving average price is $59.22 and its 200-day moving average price is $57.93. ProShares Ultra Dow30 has a 52 week low of $44.65 and a 52 week high of $64.29. The stock has a market cap of $560.79 million, a price-to-earnings ratio of 20.98 and a beta of 1.74.
ProShares Ultra Dow30 Company Profile
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.
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