ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $69.35 and last traded at $68.8480, with a volume of 53593 shares trading hands. The stock had previously closed at $67.35.
ProShares Ultra Dow30 Price Performance
The firm has a fifty day simple moving average of $64.41 and a 200-day simple moving average of $59.91. The firm has a market cap of $551.55 million, a P/E ratio of 20.98 and a beta of 1.73.
Institutional Trading of ProShares Ultra Dow30
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd purchased a new stake in shares of ProShares Ultra Dow30 in the third quarter valued at about $44,000. PNC Financial Services Group Inc. increased its position in 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 buying an additional 250 shares during the last quarter. Bogart Wealth LLC purchased a new stake in ProShares Ultra Dow30 in the 1st quarter worth about $37,000. WealthShield Partners LLC increased its stake in shares of ProShares Ultra Dow30 by 100.0% in the fourth quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock worth $80,000 after purchasing an additional 702 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in ProShares Ultra Dow30 by 435.8% in the 4th 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.
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.
See Also
- Five stocks we like better than ProShares Ultra Dow30
- Dodging Deutsche Telekom: T-Mobile’s Strategic Win
- GLP-1 Demand Is Creating a New Dividend Angle in These 4 Logistics Stocks
- Tether Strikes Gold: Crypto’s Physical Pivot
- Jersey Mike’s Serves Fresh Gains After IPO Stumble
Receive News & Ratings for ProShares Ultra Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.
