ProShares Ultra Dow30 (NYSEARCA:DDM) Hits New 1-Year High – What’s Next?

ProShares Ultra Dow30 (NYSEARCA:DDM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $67.36 and last traded at $67.35, with a volume of 134518 shares traded. The stock had previously closed at $66.80.

ProShares Ultra Dow30 Price Performance

The firm has a market cap of $540.71 million, a price-to-earnings ratio of 20.98 and a beta of 1.73. The stock’s fifty day moving average price is $62.34 and its 200-day moving average price is $59.04.

Institutional Trading of ProShares Ultra Dow30

Large investors have recently added to or reduced their stakes in the company. Global View Capital Management LLC boosted its position in shares of ProShares Ultra Dow30 by 271.1% in the fourth 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 during the period. HRT Financial LP acquired a new position in ProShares Ultra Dow30 during the fourth quarter valued at $8,335,000. Focus Partners Wealth acquired a new position in ProShares Ultra Dow30 during the fourth quarter valued at $5,481,000. GenWealth Group Inc. raised 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 buying an additional 82,230 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in ProShares Ultra Dow30 by 10,339.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock worth $2,208,000 after acquiring an additional 38,462 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.