ProShares Ultra Dow30 (NYSEARCA:DDM) Stock Price Up 2.5%

ProShares Ultra Dow30 (NYSEARCA:DDM) shares shot up 2.5% during trading on Thursday . The stock traded as high as $95.31 and last traded at $94.75. 261,330 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 287,844 shares. The stock had previously closed at $92.46.

ProShares Ultra Dow30 Trading Up 2.5 %

The firm’s 50-day simple moving average is $88.70 and its two-hundred day simple moving average is $84.97. The stock has a market capitalization of $464.28 million, a PE ratio of 18.43 and a beta of 1.48.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DDM. WealthShield Partners LLC acquired a new position in ProShares Ultra Dow30 in the 2nd quarter worth about $58,000. GenWealth Group Inc. increased its holdings in ProShares Ultra Dow30 by 12.3% in the first quarter. GenWealth Group Inc. now owns 66,552 shares of the company’s stock worth $5,795,000 after buying an additional 7,285 shares during the last quarter. BNP Paribas Financial Markets bought a new position in ProShares Ultra Dow30 during the first quarter valued at approximately $145,000. Harvest Investment Services LLC raised its position in ProShares Ultra Dow30 by 39.3% during the fourth quarter. Harvest Investment Services LLC now owns 6,984 shares of the company’s stock valued at $553,000 after acquiring an additional 1,971 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in ProShares Ultra Dow30 in the second quarter valued at approximately $219,000.

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.