ProShares Ultra Dow30 (NYSEARCA:DDM) Stock Price Break Above Fifty Day Moving Average – What’s Next?

ProShares Ultra Dow30 (NYSEARCA:DDM) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $64.63 and traded as high as $65.06. ProShares Ultra Dow30 shares last traded at $64.87, with a volume of 101,376 shares traded.

ProShares Ultra Dow30 Trading Up 0.5%

The firm has a market cap of $518.96 million, a P/E ratio of 20.98 and a beta of 1.74. The company’s 50-day moving average is $64.63 and its two-hundred day moving average is $61.57.

Institutional Trading of ProShares Ultra Dow30

Several institutional investors and hedge funds have recently modified their holdings of the stock. CPR Investments Inc. bought a new position in shares of ProShares Ultra Dow30 in the third quarter valued at approximately $528,000. Genesee Capital Advisors LLC purchased a new position in shares of ProShares Ultra Dow30 during the third quarter valued at approximately $1,175,000. Farther Finance Advisors LLC purchased a new position in shares of ProShares Ultra Dow30 during the third quarter valued at approximately $86,000. IFP Advisors Inc boosted its position in shares of ProShares Ultra Dow30 by 304.0% during the second quarter. IFP Advisors Inc now owns 404 shares of the company’s stock valued at $26,000 after buying an additional 304 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of ProShares Ultra Dow30 during the first quarter valued at approximately $297,000.

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.