ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 6,850 shares, a decrease of 85.1% from the September 30th total of 45,857 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 167,926 shares, the short-interest ratio is presently 0.0 days.
Hedge Funds Weigh In On ProShares Ultra Dow30
Several large investors have recently bought and sold shares of DDM. CPR Investments Inc. purchased a new position in shares of ProShares Ultra Dow30 during the 3rd quarter worth about $528,000. Genesee Capital Advisors LLC acquired a new position in ProShares Ultra Dow30 during the 3rd quarter worth about $1,175,000. Farther Finance Advisors LLC bought a new stake in ProShares Ultra Dow30 during the 3rd quarter worth about $86,000. IFP Advisors Inc grew its position in shares of ProShares Ultra Dow30 by 304.0% in 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 during the period. Finally, Independent Financial Group LLC bought a new position in shares of ProShares Ultra Dow30 in the 1st quarter valued at about $297,000.
ProShares Ultra Dow30 Stock Performance
Shares of DDM stock opened at $64.56 on Tuesday. ProShares Ultra Dow30 has a fifty-two week low of $49.26 and a fifty-two week high of $71.25. The firm has a market capitalization of $526.16 million, a PE ratio of 20.98 and a beta of 1.74. The stock’s 50-day simple moving average is $64.84 and its 200-day simple moving average is $61.49.
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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