ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 6,850 shares, a decline of 85.1% from the September 30th total of 45,857 shares. Based on an average daily volume of 167,926 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.
ProShares Ultra Dow30 Trading Down 0.7%
NYSEARCA DDM traded down $0.48 during trading hours on Thursday, reaching $64.39. The company’s stock had a trading volume of 249,863 shares, compared to its average volume of 262,591. The stock has a market cap of $515.12 million, a PE ratio of 20.98 and a beta of 1.74. ProShares Ultra Dow30 has a 52 week low of $49.26 and a 52 week high of $71.25. The business has a 50-day simple moving average of $64.63 and a 200 day simple moving average of $61.57.
Institutional Trading of ProShares Ultra Dow30
A number of hedge funds have recently bought and sold shares of DDM. CPR Investments Inc. bought a new stake in ProShares Ultra Dow30 in the third quarter valued at approximately $528,000. Genesee Capital Advisors LLC bought a new stake in shares of ProShares Ultra Dow30 in the 3rd quarter valued at $1,175,000. Farther Finance Advisors LLC acquired a new stake in ProShares Ultra Dow30 during the 3rd quarter worth $86,000. IFP Advisors Inc lifted its holdings 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 in the last quarter. Finally, Independent Financial Group LLC bought a new stake in ProShares Ultra Dow30 during the 1st quarter worth approximately $297,000.
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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