ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 39,648 shares, a decrease of 48.8% from the May 14th total of 77,456 shares. Based on an average daily trading volume, of 132,186 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of ProShares Ultra Dow30 by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 250 shares in the last quarter. Bogart Wealth LLC acquired a new stake in ProShares Ultra Dow30 during the first quarter valued at approximately $37,000. Qube Research & Technologies Ltd acquired a new stake in ProShares Ultra Dow30 during the third quarter valued at approximately $44,000. WealthShield Partners LLC raised its stake in ProShares Ultra Dow30 by 100.0% during the fourth quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock valued at $80,000 after buying an additional 702 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in ProShares Ultra Dow30 by 435.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,993 shares of the company’s stock valued at $113,000 after buying an additional 1,621 shares in the last quarter.

ProShares Ultra Dow30 Stock Up 2.1%

Shares of NYSEARCA DDM traded up $1.30 on Monday, hitting $64.31. The company had a trading volume of 418,459 shares, compared to its average volume of 329,755. ProShares Ultra Dow30 has a 12-month low of $44.65 and a 12-month high of $64.91. The business has a 50 day moving average of $59.46 and a two-hundred day moving average of $58.03. The firm has a market capitalization of $572.36 million, a P/E ratio of 20.98 and a beta of 1.74.

About ProShares Ultra Dow30

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.