ProShares Ultra Dow30 (NYSEARCA:DDM) Shares Shorted: Short Interest Down 64.2% in September

ProShares Ultra Dow30 (NYSEARCA:DDM) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 45,857 shares, a decrease of 64.2% from the September 15th total of 128,001 shares. Based on an average daily trading volume, of 181,679 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares Ultra Dow30

A number of hedge funds have recently modified their holdings of the business. Koshinski Asset Management Inc. increased its stake in shares of ProShares Ultra Dow30 by 3.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 27,599 shares of the company’s stock worth $1,437,000 after purchasing an additional 856 shares in the last quarter. Plotkin Financial Advisors LLC raised its holdings in ProShares Ultra Dow30 by 99.3% in the 4th quarter. Plotkin Financial Advisors LLC now owns 14,502 shares of the company’s stock worth $825,000 after purchasing an additional 7,225 shares during the period. Schwallier Wealth Management LLC bought a new position in ProShares Ultra Dow30 in the 1st quarter worth $407,000. Independent Financial Group LLC purchased a new position in ProShares Ultra Dow30 during the first quarter valued at $297,000. Finally, IMC Chicago LLC purchased a new position in ProShares Ultra Dow30 during the first quarter valued at $243,000.

ProShares Ultra Dow30 Stock Up 0.8%

DDM traded up $0.48 during trading on Monday, hitting $63.42. The company’s stock had a trading volume of 52,528 shares, compared to its average volume of 268,085. ProShares Ultra Dow30 has a one year low of $49.26 and a one year high of $71.25. The firm has a market cap of $516.87 million, a PE ratio of 20.98 and a beta of 1.74. The business’s 50 day simple moving average is $65.80 and its 200-day simple moving average is $62.62.

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.