ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $66.44 and last traded at $66.4950, with a volume of 55138 shares trading hands. The stock had previously closed at $65.53.
ProShares Ultra Dow30 Stock Performance
The business has a fifty day simple moving average of $61.70 and a 200 day simple moving average of $58.77. The stock has a market capitalization of $547.76 million, a price-to-earnings ratio of 20.98 and a beta of 1.73.
Institutional Investors Weigh In On ProShares Ultra Dow30
A number of large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of ProShares Ultra Dow30 by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 500 shares of the company’s stock valued at $28,000 after purchasing an additional 250 shares during the last quarter. Bogart Wealth LLC bought a new position in ProShares Ultra Dow30 in the 1st quarter valued at approximately $37,000. Qube Research & Technologies Ltd acquired a new stake in ProShares Ultra Dow30 in the third quarter valued at approximately $44,000. WealthShield Partners LLC grew its stake in shares of ProShares Ultra Dow30 by 100.0% during the fourth quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock worth $80,000 after buying an additional 702 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of ProShares Ultra Dow30 by 435.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,993 shares of the company’s stock valued at $113,000 after purchasing an additional 1,621 shares in the last quarter.
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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