ProShares Ultra Dow30 (NYSEARCA:DDM) Sees Large Decrease in Short Interest

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 45,857 shares, a drop of 64.2% from the September 15th total of 128,001 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 181,679 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DDM. Koshinski Asset Management Inc. lifted its holdings in shares of ProShares Ultra Dow30 by 3.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 27,599 shares of the company’s stock worth $1,437,000 after buying an additional 856 shares during the period. Plotkin Financial Advisors LLC increased its stake in shares of ProShares Ultra Dow30 by 99.3% during the fourth quarter. Plotkin Financial Advisors LLC now owns 14,502 shares of the company’s stock valued at $825,000 after buying an additional 7,225 shares during the period. Schwallier Wealth Management LLC purchased a new position in shares of ProShares Ultra Dow30 during the first quarter valued at $407,000. Independent Financial Group LLC bought a new stake in shares of ProShares Ultra Dow30 in the first quarter valued at about $297,000. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra Dow30 in the first quarter valued at about $243,000.

ProShares Ultra Dow30 Stock Down 0.7%

DDM traded down $0.42 on Tuesday, reaching $62.98. 171,028 shares of the company traded hands, compared to its average volume of 267,787. The company has a market cap of $513.29 million, a P/E ratio of 20.98 and a beta of 1.74. ProShares Ultra Dow30 has a one year low of $49.26 and a one year high of $71.25. The firm has a fifty day simple moving average of $65.72 and a two-hundred day simple moving average of $62.70.

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.