ProShares Ultra Dow30 $DDM Shares Newly Bought by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC bought a new stake in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) in the 3rd quarter, HoldingsChannel reports. The firm bought 19,193 shares of the company’s stock, valued at approximately $1,175,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of ProShares Ultra Dow30 by 304.0% in the second quarter. IFP Advisors Inc now owns 404 shares of the company’s stock worth $26,000 after buying an additional 304 shares during the period. Bogart Wealth LLC acquired a new position in shares of ProShares Ultra Dow30 in the first quarter worth $37,000. Farther Finance Advisors LLC acquired a new position in ProShares Ultra Dow30 in the 3rd quarter worth about $86,000. IMC Chicago LLC acquired a new position in ProShares Ultra Dow30 in the first quarter worth approximately $243,000. Finally, Independent Financial Group LLC bought a new position in shares of ProShares Ultra Dow30 during the 1st quarter valued at $297,000.

ProShares Ultra Dow30 Trading Up 1.8%

NYSEARCA DDM traded up $1.17 during trading on Tuesday, hitting $64.76. 101,582 shares of the company traded hands, compared to its average volume of 265,221. The business has a fifty day simple moving average of $65.11 and a 200 day simple moving average of $63.14. ProShares Ultra Dow30 has a 12 month low of $49.26 and a 12 month high of $71.25. The company has a market capitalization of $527.79 million, a P/E ratio of 20.98 and a beta of 1.74.

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.