ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $66.44 and last traded at $66.4950, with a volume of 55138 shares changing hands. The stock had previously closed at $65.53.
ProShares Ultra Dow30 Stock Performance
The company has a market capitalization of $584.05 million, a price-to-earnings ratio of 20.98 and a beta of 1.74. The firm has a 50-day simple moving average of $61.41 and a two-hundred day simple moving average of $58.67.
Institutional Investors Weigh In On ProShares Ultra Dow30
Large investors have recently added to or reduced their stakes in the business. Global View Capital Management LLC raised its stake in shares of ProShares Ultra Dow30 by 271.1% in the fourth quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock valued at $32,189,000 after acquiring an additional 413,552 shares in the last quarter. HRT Financial LP purchased a new position in shares of ProShares Ultra Dow30 in the 4th quarter valued at about $8,335,000. Focus Partners Wealth acquired a new position in shares of ProShares Ultra Dow30 during the fourth quarter worth about $5,481,000. GenWealth Group Inc. grew its position in shares of ProShares Ultra Dow30 by 105.8% during the fourth quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock worth $9,620,000 after buying an additional 82,230 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of ProShares Ultra Dow30 by 10,339.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock worth $2,208,000 after buying an additional 38,462 shares during the period.
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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