ProShares Ultra Dow30 (NYSEARCA:DDM) Shares Shorted: Short Interest Down 54.6% in September

ProShares Ultra Dow30 (NYSEARCA:DDM – Get Free Report) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 128,001 shares, a drop of 54.6% from the August 31st total of 281,737 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 241,658 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Beaton Management Co. Inc. grew its stake in shares of ProShares Ultra Dow30 by 96.5% in the fourth quarter. Beaton Management Co. Inc. now owns 16,800 shares of the company’s stock worth $955,000 after purchasing an additional 8,250 shares in the last quarter. Schwallier Wealth Management LLC acquired a new position in shares of ProShares Ultra Dow30 during the first quarter valued at $407,000. Plotkin Financial Advisors LLC raised its stake in shares of ProShares Ultra Dow30 by 99.3% during the fourth quarter. Plotkin Financial Advisors LLC now owns 14,502 shares of the company’s stock valued at $825,000 after purchasing an additional 7,225 shares in the last quarter. Independent Financial Group LLC acquired a new stake in ProShares Ultra Dow30 in the first quarter worth about $297,000. Finally, IMC Chicago LLC acquired a new stake in ProShares Ultra Dow30 in the first quarter worth about $243,000.

ProShares Ultra Dow30 Stock Performance

Shares of DDM traded down $0.84 during midday trading on Monday, hitting $62.64. 92,824 shares of the stock traded hands, compared to its average volume of 274,514. The business’s 50 day moving average price is $66.35 and its two-hundred day moving average price is $61.98. The firm has a market capitalization of $504.25 million, a PE ratio of 20.98 and a beta of 1.73. ProShares Ultra Dow30 has a 1-year low of $49.26 and a 1-year high of $71.25.

ProShares Ultra Dow30 Company Profile

(Get Free Report)

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.

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