ProShares Ultra Dow30 (NYSEARCA:DDM) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of ProShares Ultra Dow30 (NYSEARCA:DDM) by 48.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the company’s stock after selling 1,409 shares during the period. Bank of America Corp DE’s holdings in ProShares Ultra Dow30 were worth $143,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DDM. Headlands Technologies LLC purchased a new position in ProShares Ultra Dow30 in the fourth quarter valued at $110,000. Barclays PLC increased its holdings in ProShares Ultra Dow30 by 116.7% in the fourth quarter. Barclays PLC now owns 1,300 shares of the company’s stock valued at $124,000 after buying an additional 700 shares during the last quarter. MGO One Seven LLC purchased a new position in ProShares Ultra Dow30 in the fourth quarter valued at $286,000. Chung Wu Investment Group LLC purchased a new position in ProShares Ultra Dow30 in the fourth quarter valued at $791,000. Finally, VisionPoint Advisory Group LLC increased its holdings in ProShares Ultra Dow30 by 147.2% in the fourth quarter. VisionPoint Advisory Group LLC now owns 21,823 shares of the company’s stock valued at $2,063,000 after buying an additional 12,996 shares during the last quarter.

ProShares Ultra Dow30 Stock Performance

DDM opened at $91.71 on Tuesday. The business’s 50-day simple moving average is $87.09 and its 200-day simple moving average is $93.70. ProShares Ultra Dow30 has a one year low of $69.08 and a one year high of $107.60. The stock has a market capitalization of $398.94 million, a P/E ratio of 20.98 and a beta of 1.84.

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.