ProShares Ultra Dow30 (NYSEARCA:DDM) Reaches New 12-Month High – Here’s What Happened

ProShares Ultra Dow30 (NYSEARCA:DDM)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $67.36 and last traded at $67.35, with a volume of 134518 shares changing hands. The stock had previously closed at $66.80.

ProShares Ultra Dow30 Trading Up 0.8%

The company has a market capitalization of $555.64 million, a PE ratio of 20.98 and a beta of 1.73. The stock has a fifty day moving average of $62.03 and a two-hundred day moving average of $58.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Independent Financial Group LLC purchased a new position in shares of ProShares Ultra Dow30 during the first quarter worth approximately $297,000. IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Dow30 in the 1st quarter valued at $243,000. Schwallier Wealth Management LLC purchased a new stake in shares of ProShares Ultra Dow30 in the 1st quarter valued at $407,000. Bogart Wealth LLC bought a new position in shares of ProShares Ultra Dow30 during the 1st quarter valued at $37,000. Finally, Koshinski Asset Management Inc. grew its holdings in shares of ProShares Ultra Dow30 by 3.2% during the 1st quarter. Koshinski Asset Management Inc. now owns 27,599 shares of the company’s stock valued at $1,437,000 after purchasing an additional 856 shares during the last quarter.

About ProShares Ultra Dow30

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.