Dale Q Rice Investment Management Ltd Makes New Investment in ProShares Ultra Dow30 (NYSEARCA:DDM)

Dale Q Rice Investment Management Ltd bought a new position in ProShares Ultra Dow30 (NYSEARCA:DDM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,526 shares of the company’s stock, valued at approximately $231,000. Dale Q Rice Investment Management Ltd owned approximately 0.06% of ProShares Ultra Dow30 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in ProShares Ultra Dow30 in the 4th quarter worth approximately $110,000. Barclays PLC lifted its position in shares of ProShares Ultra Dow30 by 116.7% during the fourth quarter. Barclays PLC now owns 1,300 shares of the company’s stock worth $124,000 after acquiring an additional 700 shares in the last quarter. MGO One Seven LLC bought a new position in shares of ProShares Ultra Dow30 in the fourth quarter worth $286,000. Chung Wu Investment Group LLC bought a new position in shares of ProShares Ultra Dow30 in the fourth quarter worth $791,000. Finally, Discipline Wealth Solutions LLC grew its position in shares of ProShares Ultra Dow30 by 86.8% in the fourth quarter. Discipline Wealth Solutions LLC now owns 11,092 shares of the company’s stock valued at $1,057,000 after purchasing an additional 5,155 shares in the last quarter.

ProShares Ultra Dow30 Stock Performance

NYSEARCA:DDM opened at $90.22 on Friday. The business’s fifty day moving average is $87.68 and its 200 day moving average is $93.43. The firm has a market cap of $392.46 million, a price-to-earnings ratio of 20.98 and a beta of 1.84. ProShares Ultra Dow30 has a 52-week low of $69.08 and a 52-week high of $107.60.

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.