Chung Wu Investment Group LLC Makes New Investment in ProShares Ultra Dow30 (NYSEARCA:DDM)

Chung Wu Investment Group LLC acquired a new stake in ProShares Ultra Dow30 (NYSEARCA:DDM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,300 shares of the company’s stock, valued at approximately $791,000. Chung Wu Investment Group LLC owned approximately 0.17% of ProShares Ultra Dow30 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its position in shares of ProShares Ultra Dow30 by 100.0% during the third quarter. Barclays PLC now owns 600 shares of the company’s stock valued at $57,000 after purchasing an additional 300 shares in the last quarter. Discipline Wealth Solutions LLC bought a new position in shares of ProShares Ultra Dow30 in the third quarter worth $567,000. Plotkin Financial Advisors LLC bought a new stake in shares of ProShares Ultra Dow30 during the third quarter valued at about $874,000. Koshinski Asset Management Inc. lifted its stake in ProShares Ultra Dow30 by 3.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 12,864 shares of the company’s stock worth $1,226,000 after purchasing an additional 485 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in ProShares Ultra Dow30 by 55.7% during the third quarter. Sunbelt Securities Inc. now owns 797 shares of the company’s stock valued at $76,000 after buying an additional 285 shares during the period.

ProShares Ultra Dow30 Stock Up 2.2 %

DDM opened at $96.54 on Thursday. The stock has a market cap of $453.74 million, a PE ratio of 23.89 and a beta of 1.93. ProShares Ultra Dow30 has a 52 week low of $77.60 and a 52 week high of $107.60. The business’s fifty day simple moving average is $100.00 and its 200 day simple moving average is $98.04.

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.