ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.35 and last traded at $68.8480, with a volume of 53593 shares. The stock had previously closed at $67.35.
ProShares Ultra Dow30 Trading Up 0.9%
The company has a market cap of $551.78 million, a P/E ratio of 20.98 and a beta of 1.73. The business’s 50 day simple moving average is $64.74 and its 200 day simple moving average is $60.06.
Institutional Trading of ProShares Ultra Dow30
A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of ProShares Ultra Dow30 by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 250 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in ProShares Ultra Dow30 in the 3rd quarter worth approximately $44,000. WealthShield Partners LLC lifted its holdings in ProShares Ultra Dow30 by 100.0% in the 4th quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock worth $80,000 after purchasing an additional 702 shares in the last quarter. Bogart Wealth LLC purchased a new position in ProShares Ultra Dow30 in the 1st quarter worth approximately $37,000. Finally, Koshinski Asset Management Inc. boosted its stake in ProShares Ultra Dow30 by 3.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 27,599 shares of the company’s stock worth $1,437,000 after purchasing an additional 856 shares during the period.
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.
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