ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $64.68 and last traded at $64.5290, with a volume of 68379 shares traded. The stock had previously closed at $63.01.
ProShares Ultra Dow30 Trading Up 2.9%
The firm has a market capitalization of $577.25 million, a P/E ratio of 20.98 and a beta of 1.74. The firm has a 50 day moving average price of $59.22 and a 200-day moving average price of $57.96.
Institutional Investors Weigh In On ProShares Ultra Dow30
Several hedge funds and other institutional investors have recently modified their holdings of DDM. Global View Capital Management LLC raised its holdings in shares of ProShares Ultra Dow30 by 271.1% in the fourth quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock worth $32,189,000 after buying an additional 413,552 shares during the period. HRT Financial LP purchased a new position in ProShares Ultra Dow30 during the 4th quarter worth $8,335,000. Focus Partners Wealth purchased a new position in ProShares Ultra Dow30 during the 4th quarter worth $5,481,000. GenWealth Group Inc. increased its holdings in ProShares Ultra Dow30 by 105.8% during the 4th quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock worth $9,620,000 after purchasing an additional 82,230 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in ProShares Ultra Dow30 by 10,339.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock worth $2,208,000 after purchasing an additional 38,462 shares during the period.
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.
See Also
- Five stocks we like better than ProShares Ultra Dow30
- Summer Is Coming–But There’s No End in Sight for This Crypto Winter
- Oil Could Dip, But These 3 Energy Stocks Still Look Built to Win
- What’s Behind the Social Media Controversy Surrounding IonQ?
- 3 Long-Duration Treasury ETFs to Watch if Rates Fall
Receive News & Ratings for ProShares Ultra Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.
