ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report)’s stock price hit a new 52-week high on Friday . The stock traded as high as $64.29 and last traded at $63.2460, with a volume of 61169 shares changing hands. The stock had previously closed at $64.04.
ProShares Ultra Dow30 Trading Down 1.8%
The stock has a market capitalization of $559.56 million, a P/E ratio of 20.98 and a beta of 1.74. The company’s 50-day moving average is $57.93 and its two-hundred day moving average is $57.58.
Institutional Trading of ProShares Ultra Dow30
Several hedge funds have recently added to or reduced their stakes in DDM. PNC Financial Services Group Inc. raised its stake in 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 acquiring an additional 250 shares in the last quarter. Bogart Wealth LLC bought a new stake in ProShares Ultra Dow30 during the 1st quarter valued at $37,000. Qube Research & Technologies Ltd bought a new stake in ProShares Ultra Dow30 during the 3rd quarter valued at $44,000. WealthShield Partners LLC raised its stake in ProShares Ultra Dow30 by 100.0% during the 4th quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock valued at $80,000 after acquiring an additional 702 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in ProShares Ultra Dow30 by 435.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,993 shares of the company’s stock valued at $113,000 after acquiring an additional 1,621 shares in the last quarter.
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.
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