ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 129,767 shares, a drop of 33.5% from the February 12th total of 195,227 shares. Based on an average trading volume of 174,648 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.5% of the company’s shares are short sold. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 174,648 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DDM. Global View Capital Management LLC boosted its stake in ProShares Ultra Dow30 by 31.2% during the third quarter. Global View Capital Management LLC now owns 152,553 shares of the company’s stock worth $16,366,000 after acquiring an additional 36,263 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in ProShares Ultra Dow30 in the second quarter valued at $1,005,000. WealthShield Partners LLC acquired a new position in shares of ProShares Ultra Dow30 during the second quarter valued at about $69,000. Meridian Wealth Management LLC acquired a new position in shares of ProShares Ultra Dow30 during the second quarter valued at about $209,000. Finally, CPR Investments Inc. bought a new position in shares of ProShares Ultra Dow30 during the 3rd quarter worth about $443,000.

ProShares Ultra Dow30 Price Performance

Shares of ProShares Ultra Dow30 stock traded down $0.31 during midday trading on Friday, reaching $52.90. The company had a trading volume of 148,943 shares, compared to its average volume of 417,579. The stock has a fifty day moving average price of $58.85 and a 200 day moving average price of $56.17. ProShares Ultra Dow30 has a fifty-two week low of $34.54 and a fifty-two week high of $62.35. The firm has a market cap of $465.52 million, a PE ratio of 20.98 and a beta of 1.84.

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.