ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 225,872 shares, an increase of 598.9% from the July 30th total of 32,316 shares. Based on an average trading volume of 208,310 shares, the days-to-cover ratio is presently 1.1 days. Currently, 2.9% of the shares of the stock are short sold.

ProShares Ultra Dow30 Stock Performance

Shares of NYSEARCA DDM opened at $68.21 on Wednesday. ProShares Ultra Dow30 has a one year low of $49.26 and a one year high of $71.25. The firm has a market capitalization of $535.45 million, a P/E ratio of 20.98 and a beta of 1.73. The company’s fifty day moving average is $66.31 and its two-hundred day moving average is $60.95.

Institutional Trading of ProShares Ultra Dow30

Several hedge funds and other institutional investors have recently made changes to their positions in DDM. HRT Financial LP purchased a new stake in ProShares Ultra Dow30 during the fourth quarter worth about $8,335,000. Focus Partners Wealth purchased a new position in ProShares Ultra Dow30 in the fourth quarter valued at about $5,481,000. Northwestern Mutual Wealth Management Co. increased its holdings in ProShares Ultra Dow30 by 10,339.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock valued at $2,208,000 after buying an additional 38,462 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of ProShares Ultra Dow30 by 32,044.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 33,752 shares of the company’s stock valued at $3,309,000 after acquiring an additional 33,647 shares during the period. Finally, Cassaday & Co Wealth Management LLC lifted its position in shares of ProShares Ultra Dow30 by 101.0% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 30,188 shares of the company’s stock valued at $1,716,000 after acquiring an additional 15,170 shares during the period.

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.