ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 82,767 shares, an increase of 108.8% from the May 31st total of 39,648 shares. Based on an average daily trading volume, of 191,138 shares, the short-interest ratio is currently 0.4 days. Approximately 0.9% of the shares of the stock are short sold.

ProShares Ultra Dow30 Trading Up 0.3%

Shares of DDM stock traded up $0.21 during trading hours on Tuesday, reaching $65.40. The stock had a trading volume of 114,972 shares, compared to its average volume of 314,797. The stock’s fifty day simple moving average is $61.28 and its 200 day simple moving average is $58.61. ProShares Ultra Dow30 has a 12 month low of $47.15 and a 12 month high of $66.38. The firm has a market capitalization of $582.07 million, a PE ratio of 20.98 and a beta of 1.74.

Institutional Trading of ProShares Ultra Dow30

Institutional investors and hedge funds have recently bought and sold shares of the company. CPR Investments Inc. increased its holdings in shares of ProShares Ultra Dow30 by 277.8% in the fourth quarter. CPR Investments Inc. now owns 15,586 shares of the company’s stock worth $886,000 after purchasing an additional 11,460 shares during the period. Global View Capital Management LLC boosted its stake in ProShares Ultra Dow30 by 271.1% during the fourth quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock valued at $32,189,000 after buying an additional 413,552 shares during the period. Capital Investment Counsel Inc boosted its stake in ProShares Ultra Dow30 by 100.0% during the fourth quarter. Capital Investment Counsel Inc now owns 66,050 shares of the company’s stock valued at $3,756,000 after buying an additional 33,025 shares during the period. GenWealth Group Inc. grew its position in ProShares Ultra Dow30 by 105.8% during 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, Koshinski Asset Management Inc. grew its position in ProShares Ultra Dow30 by 113.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 26,743 shares of the company’s stock worth $1,521,000 after buying an additional 14,192 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.