ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Down 85.2% in December

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

Hedge Funds Weigh In On ProShares Ultra Dow30

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new stake in ProShares Ultra Dow30 during the 2nd quarter worth $1,005,000. Cassaday & Co Wealth Management LLC grew its stake in shares of ProShares Ultra Dow30 by 20.6% during the second quarter. Cassaday & Co Wealth Management LLC now owns 15,018 shares of the company’s stock valued at $1,472,000 after acquiring an additional 2,569 shares in the last quarter. WealthShield Partners LLC purchased a new stake in shares of ProShares Ultra Dow30 during the second quarter worth about $69,000. GenWealth Group Inc. increased its position in shares of ProShares Ultra Dow30 by 7.9% during the second quarter. GenWealth Group Inc. now owns 76,264 shares of the company’s stock worth $7,476,000 after acquiring an additional 5,591 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of ProShares Ultra Dow30 in the second quarter worth about $48,478,000.

ProShares Ultra Dow30 Trading Up 0.3%

NYSEARCA:DDM traded up $0.20 during mid-day trading on Monday, hitting $60.41. The company had a trading volume of 303,643 shares, compared to its average volume of 465,688. The business has a fifty day simple moving average of $56.60 and a 200-day simple moving average of $53.46. The firm has a market capitalization of $558.79 million, a price-to-earnings ratio of 20.98 and a beta of 1.84. ProShares Ultra Dow30 has a 1 year low of $34.54 and a 1 year high of $60.53.

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.