ProShares Ultra Dow30 (NYSEARCA:DDM) Shares Shorted: Short Interest Down 64.2% in September

ProShares Ultra Dow30 (NYSEARCA:DDM) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 45,857 shares, a decline of 64.2% from the September 15th total of 128,001 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 181,679 shares, the short-interest ratio is presently 0.3 days.

ProShares Ultra Dow30 Stock Performance

Shares of NYSEARCA DDM traded up $0.48 during midday trading on Monday, hitting $63.42. 52,528 shares of the stock traded hands, compared to its average volume of 268,085. The firm has a 50-day moving average of $65.80 and a two-hundred day moving average of $62.62. The firm has a market capitalization of $516.87 million, a P/E ratio of 20.98 and a beta of 1.74. ProShares Ultra Dow30 has a one year low of $49.26 and a one year high of $71.25.

Institutional Trading of ProShares Ultra Dow30

Several large investors have recently modified their holdings of DDM. Koshinski Asset Management Inc. boosted its position 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 worth $1,437,000 after purchasing an additional 856 shares during the last quarter. Plotkin Financial Advisors LLC grew its stake in shares of ProShares Ultra Dow30 by 99.3% during the 4th quarter. Plotkin Financial Advisors LLC now owns 14,502 shares of the company’s stock valued at $825,000 after purchasing an additional 7,225 shares during the period. Schwallier Wealth Management LLC purchased a new stake in shares of ProShares Ultra Dow30 during the 1st quarter valued at about $407,000. Independent Financial Group LLC purchased a new stake in shares of ProShares Ultra Dow30 during the 1st quarter valued at about $297,000. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Dow30 during the 1st quarter valued at about $243,000.

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.