GenWealth Group Inc. boosted its holdings in ProShares Ultra Dow30 (NYSEARCA:DDM – Free Report) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 69,658 shares of the company’s stock after buying an additional 1,694 shares during the period. ProShares Ultra Dow30 makes up about 1.5% of GenWealth Group Inc.’s investment portfolio, making the stock its 20th largest position. GenWealth Group Inc. owned 1.42% of ProShares Ultra Dow30 worth $6,658,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. WealthShield Partners LLC purchased a new position in ProShares Ultra Dow30 in the second quarter valued at approximately $58,000. BNP Paribas Financial Markets purchased a new position in ProShares Ultra Dow30 in the first quarter valued at approximately $145,000. Squarepoint Ops LLC purchased a new position in ProShares Ultra Dow30 in the second quarter valued at approximately $219,000. Finally, CPR Investments Inc. raised its holdings in ProShares Ultra Dow30 by 41.3% in the second quarter. CPR Investments Inc. now owns 50,563 shares of the company’s stock valued at $4,195,000 after buying an additional 14,788 shares during the period.
ProShares Ultra Dow30 Stock Performance
NYSEARCA DDM opened at $98.90 on Tuesday. ProShares Ultra Dow30 has a one year low of $58.76 and a one year high of $99.12. The company’s 50 day moving average price is $91.31 and its 200 day moving average price is $86.29. The firm has a market capitalization of $484.61 million, a price-to-earnings ratio of 18.43 and a beta of 1.48.
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.
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