ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) announced a dividend on Wednesday, December 18th, Fidelity reports. Shareholders of record on Friday, January 17th will be paid a dividend of 0.105 per share by the medical instruments supplier on Friday, January 31st. The ex-dividend date is Thursday, January 16th. This is a positive change from ProShares UltraShort DJ-UBS Commodity’s previous dividend of $0.10.
Shares of ProShares UltraShort DJ-UBS Commodity stock opened at $63.16 on Tuesday. The business has a 50-day moving average price of $72.14 and a two-hundred day moving average price of $77.95. ProShares UltraShort DJ-UBS Commodity has a 1-year low of $62.66 and a 1-year high of $93.87.
ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last issued its earnings results on Tuesday, December 10th. The medical instruments supplier reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.11. The firm had revenue of $257.20 million during the quarter, compared to analyst estimates of $255.51 million. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share.
Several brokerages recently weighed in on CMD. Needham & Company LLC reaffirmed a “buy” rating and issued a $94.00 price target on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Tuesday, December 10th. Raymond James reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Tuesday, September 24th. Finally, Zacks Investment Research cut shares of ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th.
In related news, Chairman Charles M. Diker sold 4,000 shares of ProShares UltraShort DJ-UBS Commodity stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $70.86, for a total value of $283,440.00. Following the completion of the transaction, the chairman now directly owns 3,016,708 shares in the company, valued at approximately $213,763,928.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.90% of the stock is currently owned by insiders.
About ProShares UltraShort DJ-UBS Commodity
ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.
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