ProShares Ultra Dow30 (NYSEARCA:DDM) Reaches New 52-Week High – Here’s Why

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

ProShares Ultra Dow30 Stock Performance

The company’s 50-day moving average price is $97.57 and its 200 day moving average price is $90.12. The stock has a market capitalization of $521.75 million, a PE ratio of 18.43 and a beta of 1.48.

Institutional Trading of ProShares Ultra Dow30

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CPR Investments Inc. lifted its position in ProShares Ultra Dow30 by 41.3% during 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. International Assets Investment Management LLC lifted its position in ProShares Ultra Dow30 by 9,457.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,227 shares of the company’s stock valued at $977,000 after acquiring an additional 10,120 shares during the period. Plotkin Financial Advisors LLC purchased a new position in ProShares Ultra Dow30 during the 3rd quarter valued at about $874,000. Safe Harbor Fiduciary LLC purchased a new stake in ProShares Ultra Dow30 in the third quarter worth about $612,000. Finally, Discipline Wealth Solutions LLC bought a new position in shares of ProShares Ultra Dow30 during the third quarter valued at approximately $567,000.

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.