ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 41,991 shares, a drop of 85.2% from the December 15th total of 284,274 shares. Based on an average daily trading volume, of 574,963 shares, the short-interest ratio is presently 0.1 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 574,963 shares, the short-interest ratio is presently 0.1 days.

ProShares Ultra Dow30 Trading Down 0.2%

Shares of DDM stock traded down $0.09 on Wednesday, reaching $59.33. The company had a trading volume of 1,045,049 shares, compared to its average volume of 621,272. The stock has a market cap of $551.77 million, a PE ratio of 20.98 and a beta of 1.84. The company has a 50-day moving average of $56.76 and a 200-day moving average of $53.58. ProShares Ultra Dow30 has a 12 month low of $34.54 and a 12 month high of $60.53.

Institutional Investors Weigh In On ProShares Ultra Dow30

Hedge funds have recently bought and sold shares of the company. Capital Investment Advisory Services LLC boosted its position in shares of ProShares Ultra Dow30 by 7.4% during the third quarter. Capital Investment Advisory Services LLC now owns 3,738 shares of the company’s stock worth $401,000 after purchasing an additional 257 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of ProShares Ultra Dow30 in the 3rd quarter valued at $44,000. Castleview Partners LLC raised its stake in ProShares Ultra Dow30 by 20.2% during the 3rd quarter. Castleview Partners LLC now owns 3,226 shares of the company’s stock worth $346,000 after buying an additional 542 shares during the period. WealthShield Partners LLC bought a new position in ProShares Ultra Dow30 during the second quarter worth about $69,000. Finally, GenWealth Group Inc. lifted its holdings in ProShares Ultra Dow30 by 1.9% during the third quarter. GenWealth Group Inc. now owns 77,724 shares of the company’s stock worth $8,338,000 after acquiring an additional 1,460 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.