ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 88,191 shares, an increase of 1,187.5% from the October 15th total of 6,850 shares. Based on an average trading volume of 175,158 shares, the short-interest ratio is currently 0.5 days. Approximately 1.1% of the company’s stock are sold short.
Institutional Investors Weigh In On ProShares Ultra Dow30
Large investors have recently made changes to their positions in the company. Bogart Wealth LLC acquired a new position in shares of ProShares Ultra Dow30 during the 3rd quarter worth $184,000. HighTower Advisors LLC acquired a new stake in shares of ProShares Ultra Dow30 in the 3rd quarter valued at $309,000. Simplex Trading LLC acquired a new stake in shares of ProShares Ultra Dow30 in the 3rd quarter valued at $45,000. Commonwealth Equity Services LLC acquired a new stake in shares of ProShares Ultra Dow30 in the 3rd quarter valued at $271,000. Finally, CPR Investments Inc. bought a new stake in ProShares Ultra Dow30 in the third quarter worth $528,000.
ProShares Ultra Dow30 Stock Performance
Shares of NYSEARCA DDM traded up $0.63 during mid-day trading on Wednesday, reaching $64.47. The company had a trading volume of 102,355 shares, compared to its average volume of 274,985. ProShares Ultra Dow30 has a twelve month low of $49.26 and a twelve month high of $71.25. The stock has a market capitalization of $518.98 million, a PE ratio of 20.98 and a beta of 1.73. The stock’s 50 day moving average is $63.90 and its 200-day moving average is $61.75.
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.
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