ProShares Ultra Dow30 (NYSEARCA:DDM) Shares Down 2.3% – Here’s Why

Shares of ProShares Ultra Dow30 (NYSEARCA:DDMGet Free Report) traded down 2.3% during trading on Wednesday . The company traded as low as $62.19 and last traded at $62.91. Approximately 360,701 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 279,277 shares. The stock had previously closed at $64.40.

ProShares Ultra Dow30 Price Performance

The firm has a market capitalization of $503.91 million, a PE ratio of 20.98 and a beta of 1.73. The stock’s 50-day moving average price is $66.70 and its 200 day moving average price is $61.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in ProShares Ultra Dow30 by 10,339.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock worth $2,208,000 after purchasing an additional 38,462 shares during the period. Koshinski Asset Management Inc. lifted its holdings 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 buying an additional 856 shares during the period. Beaton Management Co. Inc. lifted its holdings in shares of ProShares Ultra Dow30 by 96.5% in the 4th quarter. Beaton Management Co. Inc. now owns 16,800 shares of the company’s stock worth $955,000 after buying an additional 8,250 shares during the period. Plotkin Financial Advisors LLC grew its position in shares of ProShares Ultra Dow30 by 99.3% during the 4th quarter. Plotkin Financial Advisors LLC now owns 14,502 shares of the company’s stock worth $825,000 after buying an additional 7,225 shares in the last quarter. Finally, Schwallier Wealth Management LLC bought a new position in shares of ProShares Ultra Dow30 during the 1st quarter worth $407,000.

ProShares Ultra Dow30 Company Profile

(Get Free Report)

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.

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