ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $65.85 and last traded at $66.2910, with a volume of 38031 shares. The stock had previously closed at $64.40.
ProShares Ultra Dow30 Price Performance
The company’s 50 day moving average price is $60.82 and its 200 day moving average price is $58.43. The firm has a market capitalization of $577.61 million, a P/E ratio of 20.98 and a beta of 1.74.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of ProShares Ultra Dow30 by 106.4% during the second quarter. Bank of America Corp DE now owns 3,096 shares of the company’s stock worth $304,000 after acquiring an additional 1,596 shares during the last quarter. Modern Wealth Management LLC bought a new position in ProShares Ultra Dow30 in the second quarter valued at about $410,000. Tower Research Capital LLC TRC increased its position in ProShares Ultra Dow30 by 32,044.8% in the second quarter. Tower Research Capital LLC TRC now owns 33,752 shares of the company’s stock worth $3,309,000 after purchasing an additional 33,647 shares during the period. GenWealth Group Inc. increased its position in ProShares Ultra Dow30 by 1.9% in the third quarter. GenWealth Group Inc. now owns 77,724 shares of the company’s stock worth $8,338,000 after purchasing an additional 1,460 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in ProShares Ultra Dow30 during the 3rd quarter worth about $44,000.
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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