Simplex Trading LLC Acquires 1,553 Shares of ProShares Ultra Dow30 (NYSEARCA:DDM)

Simplex Trading LLC grew its stake in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,849 shares of the company’s stock after purchasing an additional 1,553 shares during the period. Simplex Trading LLC’s holdings in ProShares Ultra Dow30 were worth $1,096,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DDM. Jump Financial LLC purchased a new position in shares of ProShares Ultra Dow30 during the third quarter valued at approximately $4,303,000. Tower Research Capital LLC TRC boosted its holdings in ProShares Ultra Dow30 by 2,061.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 35,539 shares of the company’s stock worth $2,255,000 after acquiring an additional 33,895 shares during the last quarter. GTS Securities LLC grew its stake in shares of ProShares Ultra Dow30 by 103.6% in the 3rd quarter. GTS Securities LLC now owns 29,357 shares of the company’s stock worth $1,862,000 after acquiring an additional 14,935 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of ProShares Ultra Dow30 by 83.3% in the fourth quarter. Koshinski Asset Management Inc. now owns 15,210 shares of the company’s stock valued at $1,205,000 after purchasing an additional 6,914 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of ProShares Ultra Dow30 during the fourth quarter valued at about $1,191,000.

ProShares Ultra Dow30 Stock Performance

Shares of DDM stock opened at $78.51 on Thursday. The company has a market capitalization of $369.00 million, a price-to-earnings ratio of 18.43 and a beta of 1.92. ProShares Ultra Dow30 has a 52-week low of $58.76 and a 52-week high of $87.67. The company has a 50-day simple moving average of $82.81 and a two-hundred day simple moving average of $77.21.

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.