ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 32,316 shares, a decrease of 66.4% from the July 15th total of 96,267 shares. Based on an average daily volume of 212,817 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

ProShares Ultra Dow30 Price Performance

Shares of ProShares Ultra Dow30 stock opened at $68.59 on Friday. The firm has a market cap of $538.43 million, a PE ratio of 20.98 and a beta of 1.73. The stock has a fifty day moving average price of $65.62 and a 200-day moving average price of $60.53. ProShares Ultra Dow30 has a 1 year low of $49.26 and a 1 year high of $71.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. HRT Financial LP purchased a new position in ProShares Ultra Dow30 in the 4th quarter worth approximately $8,335,000. Focus Partners Wealth purchased a new position in ProShares Ultra Dow30 in the fourth quarter worth $5,481,000. GenWealth Group Inc. increased its stake in ProShares Ultra Dow30 by 1.9% in the third quarter. GenWealth Group Inc. now owns 77,724 shares of the company’s stock valued at $8,338,000 after acquiring an additional 1,460 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in ProShares Ultra Dow30 by 10,339.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock valued at $2,208,000 after purchasing an additional 38,462 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in ProShares Ultra Dow30 by 32,044.8% during the second quarter. Tower Research Capital LLC TRC now owns 33,752 shares of the company’s stock valued at $3,309,000 after purchasing an additional 33,647 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.