ProShares Ultra Dow30 (NYSEARCA:DDM) Short Interest Update

ProShares Ultra Dow30 (NYSEARCA:DDM) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 49,102 shares, a growth of 56.2% from the March 15th total of 31,430 shares. Based on an average daily trading volume, of 401,828 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the shares of the stock are short sold.

ProShares Ultra Dow30 Stock Down 0.3%

ProShares Ultra Dow30 stock opened at $56.82 on Thursday. The company’s 50-day moving average price is $55.94 and its 200-day moving average price is $56.26. The company has a market cap of $502.86 million, a PE ratio of 20.98 and a beta of 1.76. ProShares Ultra Dow30 has a twelve month low of $36.55 and a twelve month high of $62.35.

ProShares Ultra Dow30 Increases Dividend

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

Institutional Investors Weigh In On ProShares Ultra Dow30

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of ProShares Ultra Dow30 by 106.4% during the 2nd quarter. Bank of America Corp DE now owns 3,096 shares of the company’s stock valued at $304,000 after purchasing an additional 1,596 shares during the last quarter. Modern Wealth Management LLC purchased a new stake in ProShares Ultra Dow30 during the 2nd quarter valued at $410,000. Tower Research Capital LLC TRC lifted its position in 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 worth $3,309,000 after buying an additional 33,647 shares during the last quarter. Castleview Partners LLC boosted its stake in ProShares Ultra Dow30 by 20.2% during the third quarter. Castleview Partners LLC now owns 3,226 shares of the company’s stock worth $346,000 after buying an additional 542 shares during the period. Finally, CPR Investments Inc. purchased a new position in ProShares Ultra Dow30 during the third quarter worth $443,000.

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.