Barclays PLC increased its holdings in ProShares Ultra Dow30 (NYSEARCA:DDM – Free Report) by 100.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Barclays PLC’s holdings in ProShares Ultra Dow30 were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in DDM. Sunbelt Securities Inc. raised its position in shares of ProShares Ultra Dow30 by 55.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 797 shares of the company’s stock worth $76,000 after purchasing an additional 285 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of ProShares Ultra Dow30 in the second quarter worth approximately $219,000. Ground Swell Capital LLC purchased a new stake in shares of ProShares Ultra Dow30 during the third quarter valued at approximately $272,000. Belvedere Trading LLC bought a new stake in shares of ProShares Ultra Dow30 during the third quarter valued at approximately $387,000. Finally, Discipline Wealth Solutions LLC purchased a new position in ProShares Ultra Dow30 in the 3rd quarter worth approximately $567,000.
ProShares Ultra Dow30 Stock Down 0.6 %
Shares of ProShares Ultra Dow30 stock opened at $103.39 on Friday. ProShares Ultra Dow30 has a twelve month low of $77.60 and a twelve month high of $107.60. The company’s 50 day moving average is $100.05 and its 200 day moving average is $94.80. The company has a market cap of $506.61 million, a price-to-earnings ratio of 18.43 and a beta of 1.48.
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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