ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report)’s stock price shot up 1.2% during mid-day trading on Friday . The stock traded as high as $57.62 and last traded at $57.53. 646,356 shares changed hands during trading, an increase of 27% from the average session volume of 507,878 shares. The stock had previously closed at $56.86.
ProShares Ultra Dow30 Trading Up 1.2%
The firm has a market cap of $494.76 million, a PE ratio of 20.98 and a beta of 1.84. The business has a fifty day moving average price of $56.16 and a 200 day moving average price of $52.78.
Institutional Trading of ProShares Ultra Dow30
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in shares of ProShares Ultra Dow30 in the 2nd quarter valued at $1,005,000. Cassaday & Co Wealth Management LLC lifted its position in ProShares Ultra Dow30 by 20.6% in the second quarter. Cassaday & Co Wealth Management LLC now owns 15,018 shares of the company’s stock valued at $1,472,000 after acquiring an additional 2,569 shares during the last quarter. WealthShield Partners LLC acquired a new position in ProShares Ultra Dow30 in the second quarter valued at $69,000. GenWealth Group Inc. boosted its stake in ProShares Ultra Dow30 by 7.9% in the second quarter. GenWealth Group Inc. now owns 76,264 shares of the company’s stock valued at $7,476,000 after acquiring an additional 5,591 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of ProShares Ultra Dow30 during the second quarter worth about $48,478,000.
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.
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