Capital Investment Counsel Inc Purchases 33,025 Shares of ProShares Ultra Dow30 $DDM

Capital Investment Counsel Inc boosted its position in ProShares Ultra Dow30 (NYSEARCA:DDM) by 100.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,050 shares of the company’s stock after buying an additional 33,025 shares during the period. Capital Investment Counsel Inc owned approximately 0.71% of ProShares Ultra Dow30 worth $3,756,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CPR Investments Inc. increased its position in ProShares Ultra Dow30 by 277.8% in the 4th quarter. CPR Investments Inc. now owns 15,586 shares of the company’s stock valued at $886,000 after buying an additional 11,460 shares in the last quarter. Global View Capital Management LLC grew its holdings in shares of ProShares Ultra Dow30 by 271.1% in the fourth quarter. Global View Capital Management LLC now owns 566,105 shares of the company’s stock valued at $32,189,000 after acquiring an additional 413,552 shares in the last quarter. GenWealth Group Inc. grew its holdings in shares of ProShares Ultra Dow30 by 105.8% in the fourth quarter. GenWealth Group Inc. now owns 159,954 shares of the company’s stock valued at $9,620,000 after acquiring an additional 82,230 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of ProShares Ultra Dow30 by 106.4% in the second quarter. Bank of America Corp DE now owns 3,096 shares of the company’s stock valued at $304,000 after acquiring an additional 1,596 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of ProShares Ultra Dow30 by 32,044.8% in the second quarter. Tower Research Capital LLC TRC now owns 33,752 shares of the company’s stock valued at $3,309,000 after acquiring an additional 33,647 shares in the last quarter.

ProShares Ultra Dow30 Stock Performance

ProShares Ultra Dow30 stock opened at $55.53 on Monday. The company has a market cap of $463.68 million, a price-to-earnings ratio of 20.98 and a beta of 1.76. The business’s 50 day simple moving average is $56.12 and its 200 day simple moving average is $56.21. ProShares Ultra Dow30 has a 12 month low of $36.55 and a 12 month high of $62.35.

ProShares Ultra Dow30 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.1553 dividend. The ex-dividend date was Wednesday, March 25th. This is a boost from ProShares Ultra Dow30’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a dividend yield of 1.1%.

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.