ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $69.35 and last traded at $68.8480, with a volume of 53593 shares changing hands. The stock had previously closed at $67.35.
ProShares Ultra Dow30 Stock Performance
The stock has a 50-day moving average of $64.41 and a 200-day moving average of $59.91. The firm has a market cap of $551.55 million, a price-to-earnings ratio of 20.98 and a beta of 1.73.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in ProShares Ultra Dow30 by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 250 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of ProShares Ultra Dow30 during the third quarter worth about $44,000. WealthShield Partners LLC raised its stake in shares of ProShares Ultra Dow30 by 100.0% during the fourth quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock valued at $80,000 after acquiring an additional 702 shares during the last quarter. Bogart Wealth LLC bought a new position in ProShares Ultra Dow30 during the 1st quarter worth $37,000. Finally, Koshinski Asset Management Inc. boosted its holdings in ProShares Ultra Dow30 by 3.2% in the first quarter. Koshinski Asset Management Inc. now owns 27,599 shares of the company’s stock valued at $1,437,000 after acquiring an additional 856 shares during the last quarter.
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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