ProShares Ultra Dow30 (NYSEARCA:DDM) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its stake in ProShares Ultra Dow30 (NYSEARCA:DDM) by 70.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 343 shares of the company’s stock after selling 812 shares during the period. Headlands Technologies LLC’s holdings in ProShares Ultra Dow30 were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. CPR Investments Inc. increased its position in ProShares Ultra Dow30 by 6.2% in the 1st quarter. CPR Investments Inc. now owns 22,770 shares of the company’s stock valued at $2,083,000 after acquiring an additional 1,329 shares during the period. Barclays PLC increased its position in ProShares Ultra Dow30 by 116.7% in the 4th quarter. Barclays PLC now owns 1,300 shares of the company’s stock valued at $124,000 after acquiring an additional 700 shares during the period. GenWealth Group Inc. increased its position in ProShares Ultra Dow30 by 5.5% in the 1st quarter. GenWealth Group Inc. now owns 70,673 shares of the company’s stock valued at $6,466,000 after acquiring an additional 3,693 shares during the period. Castleview Partners LLC increased its position in ProShares Ultra Dow30 by 10.4% in the 1st quarter. Castleview Partners LLC now owns 9,970 shares of the company’s stock valued at $912,000 after acquiring an additional 941 shares during the period. Finally, MGO One Seven LLC acquired a new position in ProShares Ultra Dow30 in the 4th quarter valued at about $286,000.

ProShares Ultra Dow30 Trading Up 2.1%

Shares of DDM opened at $101.15 on Thursday. ProShares Ultra Dow30 has a twelve month low of $69.07 and a twelve month high of $107.60. The stock’s 50 day moving average is $96.88 and its two-hundred day moving average is $93.33. The firm has a market capitalization of $424.83 million, a PE ratio of 20.98 and a beta of 1.92.

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.