ProShares Ultra Dow30 (NYSEARCA:DDM) Hits New 52-Week High – Here’s What Happened

ProShares Ultra Dow30 (NYSEARCA:DDM)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $105.37 and last traded at $105.37, with a volume of 2893 shares changing hands. The stock had previously closed at $103.86.

ProShares Ultra Dow30 Stock Performance

The company has a market capitalization of $516.26 million, a price-to-earnings ratio of 18.43 and a beta of 1.48. The firm’s 50-day simple moving average is $97.04 and its 200-day simple moving average is $89.82.

Institutional Trading of ProShares Ultra Dow30

Several institutional investors have recently made changes to their positions in DDM. Barclays PLC boosted its position in shares of ProShares Ultra Dow30 by 100.0% during the 3rd quarter. Barclays PLC now owns 600 shares of the company’s stock valued at $57,000 after acquiring an additional 300 shares in the last quarter. WealthShield Partners LLC bought a new position in ProShares Ultra Dow30 during the 2nd quarter valued at about $58,000. Sunbelt Securities Inc. lifted its holdings in ProShares Ultra Dow30 by 55.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 797 shares of the company’s stock valued at $76,000 after purchasing an additional 285 shares during the last quarter. Squarepoint Ops LLC bought a new position in ProShares Ultra Dow30 during the 2nd quarter valued at about $219,000. Finally, Ground Swell Capital LLC bought a new position in shares of ProShares Ultra Dow30 in the third quarter worth about $272,000.

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.