ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 38,261 shares, a decrease of 53.8% from the June 15th total of 82,767 shares. Based on an average daily volume of 158,254 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the stock are sold short.

ProShares Ultra Dow30 Price Performance

Shares of DDM traded up $0.33 during mid-day trading on Wednesday, reaching $66.25. The company had a trading volume of 155,331 shares, compared to its average volume of 306,100. The company has a market capitalization of $546.56 million, a P/E ratio of 20.98 and a beta of 1.73. ProShares Ultra Dow30 has a twelve month low of $47.15 and a twelve month high of $68.00. The company’s 50-day moving average is $63.06 and its 200-day moving average is $59.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DDM. Global View Capital Management LLC increased its position in ProShares Ultra Dow30 by 271.1% in the 4th quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock valued at $32,189,000 after acquiring an additional 413,552 shares in the last quarter. HRT Financial LP acquired a new position in shares of ProShares Ultra Dow30 during the fourth quarter worth approximately $8,335,000. Focus Partners Wealth bought a new stake in shares of ProShares Ultra Dow30 during the fourth quarter valued at approximately $5,481,000. GenWealth Group Inc. grew its stake in shares of ProShares Ultra Dow30 by 105.8% during the fourth quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock valued at $9,620,000 after purchasing an additional 82,230 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 purchasing an additional 38,462 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.