ProShares Ultra Dow30 (NYSEARCA:DDM) Reaches New 12-Month High – Should You Buy?

ProShares Ultra Dow30 (NYSEARCA:DDM) shares reached a new 52-week high on Wednesday . The company traded as high as $107.60 and last traded at $107.31, with a volume of 285602 shares. The stock had previously closed at $105.91.

ProShares Ultra Dow30 Price Performance

The firm has a market capitalization of $525.82 million, a P/E ratio of 18.43 and a beta of 1.48. The stock’s 50 day moving average is $99.01 and its two-hundred day moving average is $90.93.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DDM. Sunbelt Securities Inc. boosted its holdings in shares of ProShares Ultra Dow30 by 55.7% in the third quarter. Sunbelt Securities Inc. now owns 797 shares of the company’s stock valued at $76,000 after buying an additional 285 shares during the period. Barclays PLC boosted its holdings in shares of ProShares Ultra Dow30 by 100.0% in the third quarter. Barclays PLC now owns 600 shares of the company’s stock valued at $57,000 after buying an additional 300 shares during the period. WealthShield Partners LLC acquired a new position in shares of ProShares Ultra Dow30 in the second quarter valued at approximately $58,000. GenWealth Group Inc. boosted its holdings in shares of ProShares Ultra Dow30 by 2.1% in the second quarter. GenWealth Group Inc. now owns 67,964 shares of the company’s stock valued at $5,639,000 after buying an additional 1,412 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of ProShares Ultra Dow30 in the second quarter valued at approximately $219,000.

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.