ProShares Ultra Dow30 (NYSEARCA:DDM) Hits New 52-Week High – Here’s What Happened

ProShares Ultra Dow30 (NYSEARCA:DDM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $105.37 and last traded at $105.37, with a volume of 2893 shares changing hands. The stock had previously closed at $103.86.

ProShares Ultra Dow30 Stock Performance

The firm has a market cap of $516.26 million, a price-to-earnings ratio of 18.43 and a beta of 1.48. The business’s 50 day moving average price is $97.04 and its 200-day moving average price is $89.82.

Institutional Investors Weigh In On ProShares Ultra Dow30

Several institutional investors and hedge funds have recently bought and sold shares of DDM. Barclays PLC raised its stake in ProShares Ultra Dow30 by 100.0% during the third quarter. Barclays PLC now owns 600 shares of the company’s stock worth $57,000 after acquiring an additional 300 shares during the period. WealthShield Partners LLC acquired a new stake in ProShares Ultra Dow30 during the second quarter worth about $58,000. Sunbelt Securities Inc. raised its stake in ProShares Ultra Dow30 by 55.7% during the third quarter. Sunbelt Securities Inc. now owns 797 shares of the company’s stock worth $76,000 after acquiring an additional 285 shares during the period. Squarepoint Ops LLC acquired a new stake in ProShares Ultra Dow30 during the second quarter worth about $219,000. Finally, Ground Swell Capital LLC acquired a new stake in ProShares Ultra Dow30 during the third quarter worth about $272,000.

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.