ProShares Ultra Dow30 (NYSEARCA:DDM) Sees Large Decrease in Short Interest

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 39,648 shares, a decline of 48.8% from the May 14th total of 77,456 shares. Based on an average daily volume of 132,186 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Ultra Dow30

Several institutional investors and hedge funds have recently made changes to their positions in DDM. CPR Investments Inc. lifted its position in ProShares Ultra Dow30 by 277.8% during the 4th quarter. CPR Investments Inc. now owns 15,586 shares of the company’s stock worth $886,000 after buying an additional 11,460 shares in the last quarter. Global View Capital Management LLC lifted its position in ProShares Ultra Dow30 by 271.1% during the 4th quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock worth $32,189,000 after buying an additional 413,552 shares in the last quarter. Capital Investment Counsel Inc lifted its position in ProShares Ultra Dow30 by 100.0% during the 4th quarter. Capital Investment Counsel Inc now owns 66,050 shares of the company’s stock worth $3,756,000 after buying an additional 33,025 shares in the last quarter. GenWealth Group Inc. lifted its position in ProShares Ultra Dow30 by 105.8% during the 4th quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock worth $9,620,000 after buying an additional 82,230 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in ProShares Ultra Dow30 by 113.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 26,743 shares of the company’s stock worth $1,521,000 after buying an additional 14,192 shares in the last quarter.

ProShares Ultra Dow30 Stock Performance

Shares of NYSEARCA:DDM traded up $0.90 on Friday, hitting $63.01. The stock had a trading volume of 195,439 shares, compared to its average volume of 328,963. ProShares Ultra Dow30 has a twelve month low of $44.65 and a twelve month high of $64.29. The firm’s 50 day moving average price is $59.22 and its 200-day moving average price is $57.93. The company has a market capitalization of $560.79 million, a price-to-earnings ratio of 20.98 and a beta of 1.74.

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.