Belvedere Trading LLC acquired a new position in ProShares Ultra Dow30 (NYSEARCA:DDM – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,052 shares of the company’s stock, valued at approximately $387,000. Belvedere Trading LLC owned about 0.08% of ProShares Ultra Dow30 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DDM. WealthShield Partners LLC acquired a new stake in ProShares Ultra Dow30 in the second quarter worth about $58,000. GenWealth Group Inc. increased its stake in ProShares Ultra Dow30 by 2.1% during the 2nd quarter. GenWealth Group Inc. now owns 67,964 shares of the company’s stock valued at $5,639,000 after purchasing an additional 1,412 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of ProShares Ultra Dow30 in the first quarter worth $145,000. Squarepoint Ops LLC acquired a new position in shares of ProShares Ultra Dow30 in the 2nd quarter valued at $219,000. Finally, Ground Swell Capital LLC acquired a new stake in ProShares Ultra Dow30 during the 3rd quarter worth about $272,000.
ProShares Ultra Dow30 Stock Down 0.5 %
Shares of NYSEARCA:DDM traded down $0.51 during trading on Monday, hitting $93.34. The stock had a trading volume of 88,445 shares, compared to its average volume of 280,973. The stock has a 50-day simple moving average of $94.07 and a two-hundred day simple moving average of $87.70. The stock has a market capitalization of $457.37 million, a price-to-earnings ratio of 18.43 and a beta of 1.48. ProShares Ultra Dow30 has a 12-month low of $64.31 and a 12-month high of $99.92.
ProShares Ultra Dow30 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.
Featured Stories
- Five stocks we like better than ProShares Ultra Dow30
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Carnival or Royal Caribbean—Which Cruise Stock Has More Upside?
- There Are Different Types of Stock To Invest In
- Summit Therapeutics: Is Their Lung Cancer Drug a Game Changer?
- Compound Interest and Why It Matters When Investing
- 3 Stocks That Are Potential Takeover Targets in 2025
Receive News & Ratings for ProShares Ultra Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.
