ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 38,261 shares, a decline of 53.8% from the June 15th total of 82,767 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 158,254 shares, the days-to-cover ratio is presently 0.2 days.
ProShares Ultra Dow30 Stock Up 0.3%
DDM traded up $0.21 during trading on Tuesday, hitting $66.13. The company’s stock had a trading volume of 20,932 shares, compared to its average volume of 306,122. ProShares Ultra Dow30 has a one year low of $47.15 and a one year high of $68.00. The firm has a market cap of $545.54 million, a PE ratio of 20.98 and a beta of 1.73. The business’s 50 day simple moving average is $62.79 and its 200-day simple moving average is $59.22.
Institutional Investors Weigh In On ProShares Ultra Dow30
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global View Capital Management LLC raised its holdings in ProShares Ultra Dow30 by 271.1% in the 4th quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock worth $32,189,000 after purchasing an additional 413,552 shares during the period. HRT Financial LP bought a new stake in ProShares Ultra Dow30 during the fourth quarter valued at about $8,335,000. Focus Partners Wealth bought a new stake in ProShares Ultra Dow30 during the fourth quarter valued at about $5,481,000. GenWealth Group Inc. increased its position in ProShares Ultra Dow30 by 105.8% in 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 position in ProShares Ultra Dow30 by 10,339.2% in 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 in the last quarter.
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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