ProShares Ultra Dow30 (NYSEARCA:DDM) Sets New 12-Month High – Still a Buy?

ProShares Ultra Dow30 (NYSEARCA:DDM) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $64.29 and last traded at $63.2460, with a volume of 61169 shares traded. The stock had previously closed at $64.04.

ProShares Ultra Dow30 Price Performance

The firm has a market cap of $559.56 million, a PE ratio of 20.98 and a beta of 1.74. The business has a fifty day moving average price of $57.93 and a two-hundred day moving average price of $57.58.

Institutional Trading of ProShares Ultra Dow30

A number of institutional investors have recently bought and sold shares of DDM. Global View Capital Management LLC boosted its position in ProShares Ultra Dow30 by 271.1% during the fourth quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock valued at $32,189,000 after purchasing an additional 413,552 shares during the last quarter. HRT Financial LP acquired a new stake in ProShares Ultra Dow30 during the fourth quarter valued at $8,335,000. Focus Partners Wealth acquired a new stake in ProShares Ultra Dow30 during the fourth quarter valued at $5,481,000. GenWealth Group Inc. boosted its position in ProShares Ultra Dow30 by 105.8% during the fourth quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock valued at $9,620,000 after purchasing an additional 82,230 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted 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 during the last quarter.

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.