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

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a significant decrease in short interest in 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 volume of 181,679 shares, the short-interest ratio is currently 0.3 days. Approximately 0.6% of the shares of the stock are short sold.

ProShares Ultra Dow30 Trading Down 0.3%

Shares of DDM stock traded down $0.16 on Wednesday, hitting $62.82. The stock had a trading volume of 61,389 shares, compared to its average volume of 266,741. ProShares Ultra Dow30 has a twelve month low of $49.26 and a twelve month high of $71.25. The firm has a market cap of $511.98 million, a P/E ratio of 20.98 and a beta of 1.74. The company has a fifty day moving average price of $65.59 and a two-hundred day moving average price of $62.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in shares of ProShares Ultra Dow30 by 304.0% in the second quarter. IFP Advisors Inc now owns 404 shares of the company’s stock valued at $26,000 after acquiring an additional 304 shares during the period. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra Dow30 in the 1st quarter valued at $37,000. Koshinski Asset Management Inc. grew its position 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 last quarter. Consultiva Wealth Management CORP. increased its position in shares of ProShares Ultra Dow30 by 100.0% during the fourth quarter. Consultiva Wealth Management CORP. now owns 2,300 shares of the company’s stock worth $131,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in ProShares Ultra Dow30 during the 3rd quarter valued at about $86,000.

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.