International Assets Investment Management LLC grew its position in ProShares Ultra Dow30 (NYSEARCA:DDM – Free Report) by 9,457.9% during the third quarter, HoldingsChannel reports. The firm owned 10,227 shares of the company’s stock after buying an additional 10,120 shares during the period. International Assets Investment Management LLC’s holdings in ProShares Ultra Dow30 were worth $977,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. GenWealth Group Inc. increased its holdings in ProShares Ultra Dow30 by 2.5% in the third quarter. GenWealth Group Inc. now owns 69,658 shares of the company’s stock worth $6,658,000 after purchasing an additional 1,694 shares in the last quarter. CPR Investments Inc. grew its position in shares of ProShares Ultra Dow30 by 41.3% during the 2nd quarter. CPR Investments Inc. now owns 50,563 shares of the company’s stock worth $4,195,000 after buying an additional 14,788 shares during the period. Squarepoint Ops LLC bought a new stake in shares of ProShares Ultra Dow30 in the 2nd quarter valued at $219,000. BNP Paribas Financial Markets acquired a new position in shares of ProShares Ultra Dow30 during the 1st quarter valued at $145,000. Finally, WealthShield Partners LLC bought a new position in ProShares Ultra Dow30 during the second quarter worth $58,000.
ProShares Ultra Dow30 Trading Down 1.1 %
Shares of NYSEARCA DDM opened at $92.80 on Tuesday. The firm has a market capitalization of $454.72 million, a P/E ratio of 18.43 and a beta of 1.48. The firm’s 50-day moving average price is $94.10 and its 200-day moving average price is $87.80. ProShares Ultra Dow30 has a 1-year low of $64.31 and a 1-year high of $99.92.
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.
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Want to see what other hedge funds are holding DDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Dow30 (NYSEARCA:DDM – Free Report).
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