ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 225,872 shares, a growth of 598.9% from the July 30th total of 32,316 shares. Currently, 2.9% of the shares of the company are short sold. Based on an average daily trading volume, of 208,310 shares, the days-to-cover ratio is presently 1.1 days.
ProShares Ultra Dow30 Stock Performance
Shares of ProShares Ultra Dow30 stock opened at $68.21 on Wednesday. The company has a market cap of $535.45 million, a P/E ratio of 20.98 and a beta of 1.73. ProShares Ultra Dow30 has a one year low of $49.26 and a one year high of $71.25. The firm has a fifty day moving average of $66.31 and a two-hundred day moving average of $60.95.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. boosted its holdings in ProShares Ultra Dow30 by 113.1% in the 4th 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 in the last quarter. Cassaday & Co Wealth Management LLC raised its stake in shares of ProShares Ultra Dow30 by 101.0% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 30,188 shares of the company’s stock worth $1,716,000 after buying an additional 15,170 shares in the last quarter. Schwallier Wealth Management LLC purchased a new position in shares of ProShares Ultra Dow30 during the 1st quarter worth approximately $407,000. Beaton Management Co. Inc. lifted its holdings in shares of ProShares Ultra Dow30 by 96.5% in the 4th quarter. Beaton Management Co. Inc. now owns 16,800 shares of the company’s stock valued at $955,000 after buying an additional 8,250 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ProShares Ultra Dow30 by 10,339.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock valued at $2,208,000 after buying an additional 38,462 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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