Short Interest in ProShares Ultra Dow30 (NYSEARCA:DDM) Declines By 43.1%

ProShares Ultra Dow30 (NYSEARCA:DDM) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 100,301 shares, a decrease of 43.1% from the April 15th total of 176,424 shares. Based on an average daily trading volume, of 166,327 shares, the short-interest ratio is currently 0.6 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DDM. Global View Capital Management LLC increased its stake in shares of ProShares Ultra Dow30 by 271.1% during the 4th quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock worth $32,189,000 after purchasing an additional 413,552 shares during the last quarter. HRT Financial LP acquired a new position in shares of ProShares Ultra Dow30 during the 4th quarter worth about $8,335,000. Focus Partners Wealth acquired a new position in shares of ProShares Ultra Dow30 during the 4th quarter worth about $5,481,000. GenWealth Group Inc. increased its stake in shares of ProShares Ultra Dow30 by 105.8% during the 4th quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock worth $9,620,000 after purchasing an additional 82,230 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of ProShares Ultra Dow30 by 10,339.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 38,834 shares of the company’s stock worth $2,208,000 after purchasing an additional 38,462 shares during the last quarter.

ProShares Ultra Dow30 Trading Down 2.1%

Shares of ProShares Ultra Dow30 stock traded down $1.27 during trading on Friday, hitting $59.10. 256,763 shares of the stock were exchanged, compared to its average volume of 365,277. The stock has a market capitalization of $525.99 million, a price-to-earnings ratio of 20.98 and a beta of 1.74. The company has a fifty day moving average price of $55.67 and a 200-day moving average price of $57.00. ProShares Ultra Dow30 has a 1-year low of $43.42 and a 1-year high of $62.35.

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.