ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 82,767 shares, an increase of 108.8% from the May 31st total of 39,648 shares. Based on an average daily volume of 191,138 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the shares of the company are short sold.

ProShares Ultra Dow30 Trading Up 0.3%

Shares of NYSEARCA:DDM traded up $0.21 during midday trading on Tuesday, reaching $65.40. The company had a trading volume of 114,972 shares, compared to its average volume of 314,797. The company’s 50 day moving average price is $61.28 and its 200 day moving average price is $58.61. The stock has a market cap of $582.07 million, a P/E ratio of 20.98 and a beta of 1.74. ProShares Ultra Dow30 has a 52-week low of $47.15 and a 52-week high of $66.38.

Institutional Trading of ProShares Ultra Dow30

Hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new position in shares of ProShares Ultra Dow30 during the 3rd quarter valued at approximately $44,000. PNC Financial Services Group Inc. raised its holdings in shares of ProShares Ultra Dow30 by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 250 shares during the period. Bogart Wealth LLC bought a new stake in shares of ProShares Ultra Dow30 in the 1st quarter worth approximately $37,000. WealthShield Partners LLC raised its holdings in shares of ProShares Ultra Dow30 by 100.0% in the 4th quarter. WealthShield Partners LLC now owns 1,404 shares of the company’s stock worth $80,000 after purchasing an additional 702 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in ProShares Ultra Dow30 by 435.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,993 shares of the company’s stock valued at $113,000 after purchasing an additional 1,621 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.