ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 270,302 shares, a growth of 543.7% from the December 31st total of 41,991 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average trading volume of 609,749 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 609,749 shares, the short-interest ratio is presently 0.4 days. Currently, 2.9% of the company’s stock are sold short.

ProShares Ultra Dow30 Price Performance

Shares of NYSEARCA DDM remained flat at $58.82 during midday trading on Wednesday. 228,956 shares of the stock were exchanged, compared to its average volume of 575,334. ProShares Ultra Dow30 has a 12 month low of $34.54 and a 12 month high of $60.60. The stock has a fifty day simple moving average of $57.64 and a 200 day simple moving average of $54.24. The company has a market cap of $549.97 million, a PE ratio of 20.98 and a beta of 1.84.

Institutional Trading of ProShares Ultra Dow30

Several institutional investors and hedge funds have recently bought and sold shares of DDM. Discipline Wealth Solutions LLC grew its stake in ProShares Ultra Dow30 by 106.2% in the fourth quarter. Discipline Wealth Solutions LLC now owns 10,322 shares of the company’s stock valued at $587,000 after purchasing an additional 5,317 shares in the last quarter. Keener Financial Planning LLC raised its position in ProShares Ultra Dow30 by 100.0% during the fourth quarter. Keener Financial Planning LLC now owns 5,510 shares of the company’s stock worth $313,000 after acquiring an additional 2,755 shares in the last quarter. Capital Investment Counsel Inc grew its position in shares of ProShares Ultra Dow30 by 100.0% in the 4th quarter. Capital Investment Counsel Inc now owns 66,050 shares of the company’s stock valued at $3,756,000 after acquiring an additional 33,025 shares during the period. Capital Investment Advisory Services LLC increased its stake in shares of ProShares Ultra Dow30 by 100.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 7,486 shares of the company’s stock worth $426,000 after purchasing an additional 3,748 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of ProShares Ultra Dow30 by 100.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 4,072 shares of the company’s stock valued at $232,000 after purchasing an additional 2,036 shares during the period.

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.