ProShares Ultra Dow30 (NYSEARCA:DDM) Trading 2.5% Higher

Shares of ProShares Ultra Dow30 (NYSEARCA:DDM) rose 2.5% on Thursday . The company traded as high as $95.31 and last traded at $94.75. Approximately 261,330 shares changed hands during trading, a decline of 9% from the average daily volume of 287,844 shares. The stock had previously closed at $92.46.

ProShares Ultra Dow30 Stock Performance

The stock has a market capitalization of $464.72 million, a PE ratio of 18.43 and a beta of 1.48. The business’s 50-day moving average price is $88.87 and its 200 day moving average price is $85.04.

Hedge Funds Weigh In On ProShares Ultra Dow30

A number of large investors have recently modified their holdings of the company. WealthShield Partners LLC purchased a new position in shares of ProShares Ultra Dow30 in the second quarter worth about $58,000. GenWealth Group Inc. lifted its position in ProShares Ultra Dow30 by 2.1% in the second quarter. GenWealth Group Inc. now owns 67,964 shares of the company’s stock valued at $5,639,000 after purchasing an additional 1,412 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of ProShares Ultra Dow30 during the first quarter valued at approximately $145,000. Harvest Investment Services LLC grew its holdings in shares of ProShares Ultra Dow30 by 39.3% in the fourth quarter. Harvest Investment Services LLC now owns 6,984 shares of the company’s stock worth $553,000 after purchasing an additional 1,971 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of ProShares Ultra Dow30 in the second quarter worth approximately $219,000.

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.