Shares of ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) were down 0% during mid-day trading on Monday . The company traded as low as $95.51 and last traded at $95.95. Approximately 263,764 shares traded hands during trading, a decline of 28% from the average daily volume of 365,577 shares. The stock had previously closed at $95.97.
ProShares Ultra Dow30 Price Performance
The company has a market capitalization of $470.16 million, a P/E ratio of 18.43 and a beta of 1.48. The stock’s fifty day simple moving average is $100.23 and its 200-day simple moving average is $93.58.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of DDM. Sunbelt Securities Inc. raised its position in shares of ProShares Ultra Dow30 by 55.7% during the third quarter. Sunbelt Securities Inc. now owns 797 shares of the company’s stock valued at $76,000 after buying an additional 285 shares during the last quarter. Barclays PLC raised its holdings in ProShares Ultra Dow30 by 100.0% in the 3rd quarter. Barclays PLC now owns 600 shares of the company’s stock valued at $57,000 after acquiring an additional 300 shares in the last quarter. GenWealth Group Inc. lifted its position in shares of ProShares Ultra Dow30 by 2.5% in the 3rd quarter. GenWealth Group Inc. now owns 69,658 shares of the company’s stock worth $6,658,000 after acquiring an additional 1,694 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of ProShares Ultra Dow30 during the 2nd quarter worth approximately $219,000. Finally, Ground Swell Capital LLC bought a new stake in shares of ProShares Ultra Dow30 during the third quarter valued at approximately $272,000.
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.
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