ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) saw strong trading volume on Thursday . 833,885 shares were traded during trading, an increase of 41% from the previous session’s volume of 590,925 shares.The stock last traded at $59.9610 and had previously closed at $59.09.
ProShares Ultra Dow30 Stock Performance
The stock has a market cap of $552.12 million, a PE ratio of 20.98 and a beta of 1.84. The stock has a fifty day moving average price of $57.26 and a 200 day moving average price of $54.01.
Institutional Investors Weigh In On ProShares Ultra Dow30
Several institutional investors have recently made changes to their positions in DDM. GenWealth Group Inc. grew its holdings in ProShares Ultra Dow30 by 7.9% during the 2nd quarter. GenWealth Group Inc. now owns 76,264 shares of the company’s stock valued at $7,476,000 after purchasing an additional 5,591 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of ProShares Ultra Dow30 during the second quarter valued at approximately $510,000. 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 buying an additional 2,569 shares during the last quarter. Meridian Wealth Management LLC bought a new position in shares of ProShares Ultra Dow30 during the second quarter valued at approximately $209,000. Finally, WealthShield Partners LLC purchased a new stake in shares of ProShares Ultra Dow30 in the second quarter worth approximately $69,000.
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.
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