ProShares Ultra Dow30 (NYSEARCA:DDM) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc trimmed its position in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,425 shares of the company’s stock after selling 100 shares during the quarter. Capital Investment Counsel Inc owned 0.68% of ProShares Ultra Dow30 worth $3,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DDM. Barclays PLC increased its stake in shares of ProShares Ultra Dow30 by 100.0% during the third quarter. Barclays PLC now owns 600 shares of the company’s stock worth $57,000 after acquiring an additional 300 shares during the period. Sunbelt Securities Inc. increased its stake in shares of ProShares Ultra Dow30 by 55.7% during the third quarter. Sunbelt Securities Inc. now owns 797 shares of the company’s stock worth $76,000 after acquiring an additional 285 shares during the period. Capital Investment Advisory Services LLC boosted its holdings in ProShares Ultra Dow30 by 100.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 2,277 shares of the company’s stock worth $217,000 after buying an additional 1,142 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in ProShares Ultra Dow30 during the third quarter worth about $272,000. Finally, Belvedere Trading LLC purchased a new stake in ProShares Ultra Dow30 during the third quarter worth about $387,000.

ProShares Ultra Dow30 Trading Down 1.9 %

DDM stock opened at $102.11 on Friday. The company has a market cap of $500.34 million, a P/E ratio of 18.43 and a beta of 1.48. ProShares Ultra Dow30 has a 52 week low of $77.60 and a 52 week high of $107.60. The company’s 50-day moving average price is $100.03 and its 200 day moving average price is $97.05.

ProShares Ultra Dow30 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.