ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 128,001 shares, a decline of 54.6% from the August 31st total of 281,737 shares. Based on an average daily trading volume, of 241,658 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.6% of the shares of the stock are short sold.
Institutional Investors Weigh In On ProShares Ultra Dow30
A number of institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of ProShares Ultra Dow30 by 304.0% during the 2nd quarter. IFP Advisors Inc now owns 404 shares of the company’s stock valued at $26,000 after purchasing an additional 304 shares during the period. Bogart Wealth LLC acquired a new stake in ProShares Ultra Dow30 in the 1st quarter valued at about $37,000. Consultiva Wealth Management CORP. lifted its holdings in ProShares Ultra Dow30 by 100.0% in the 4th quarter. Consultiva Wealth Management CORP. now owns 2,300 shares of the company’s stock valued at $131,000 after acquiring an additional 1,150 shares during the last quarter. IMC Chicago LLC bought a new position in shares of ProShares Ultra Dow30 during the 1st quarter valued at about $243,000. Finally, Independent Financial Group LLC bought a new position in shares of ProShares Ultra Dow30 during the 1st quarter valued at about $297,000.
ProShares Ultra Dow30 Price Performance
Shares of ProShares Ultra Dow30 stock traded down $0.84 on Monday, hitting $62.64. The company had a trading volume of 92,824 shares, compared to its average volume of 274,514. The business has a 50-day simple moving average of $66.35 and a 200-day simple moving average of $61.98. The company has a market cap of $504.25 million, a PE ratio of 20.98 and a beta of 1.73. ProShares Ultra Dow30 has a 52 week low of $49.26 and a 52 week high of $71.25.
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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