Barclays PLC increased its position in ProShares Ultra Dow30 (NYSEARCA:DDM – Free Report) by 100.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 600 shares of the company’s stock after acquiring an additional 300 shares during the period. Barclays PLC’s holdings in ProShares Ultra Dow30 were worth $57,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GenWealth Group Inc. grew its holdings in shares of ProShares Ultra Dow30 by 2.5% in the third 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. International Assets Investment Management LLC boosted its position in ProShares Ultra Dow30 by 9,457.9% in the third quarter. International Assets Investment Management LLC now owns 10,227 shares of the company’s stock worth $977,000 after purchasing an additional 10,120 shares during the last quarter. Plotkin Financial Advisors LLC bought a new stake in shares of ProShares Ultra Dow30 during the 3rd quarter valued at about $874,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of ProShares Ultra Dow30 during the 3rd quarter valued at about $612,000. Finally, Belvedere Trading LLC bought a new position in shares of ProShares Ultra Dow30 in the 3rd quarter worth approximately $387,000.
ProShares Ultra Dow30 Trading Up 0.4 %
Shares of NYSEARCA DDM opened at $95.50 on Friday. ProShares Ultra Dow30 has a 12-month low of $76.58 and a 12-month high of $107.60. The firm has a market capitalization of $467.95 million, a price-to-earnings ratio of 18.43 and a beta of 1.48. The firm has a 50 day moving average of $100.32 and a 200 day moving average of $93.77.
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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