ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) were down 0% during mid-day trading on Monday . The stock traded as low as $95.51 and last traded at $95.95. Approximately 263,764 shares changed hands during mid-day 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 Stock Performance
The company has a market cap of $470.16 million, a price-to-earnings ratio of 18.43 and a beta of 1.48. The firm’s 50-day moving average price is $100.23 and its 200 day moving average price is $93.58.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in shares of ProShares Ultra Dow30 during the 2nd quarter valued at about $219,000. GenWealth Group Inc. raised its holdings in ProShares Ultra Dow30 by 2.5% during the 3rd quarter. GenWealth Group Inc. now owns 69,658 shares of the company’s stock worth $6,658,000 after buying an additional 1,694 shares during the period. International Assets Investment Management LLC lifted its stake 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 valued at $977,000 after buying an additional 10,120 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of ProShares Ultra Dow30 in the third quarter valued at approximately $272,000. Finally, Belvedere Trading LLC bought a new stake in shares of ProShares Ultra Dow30 during the third quarter worth $387,000.
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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