Plotkin Financial Advisors LLC Buys Shares of 9,139 ProShares Ultra Dow30 (NYSEARCA:DDM)

Plotkin Financial Advisors LLC bought a new stake in ProShares Ultra Dow30 (NYSEARCA:DDM) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 9,139 shares of the company’s stock, valued at approximately $874,000.

Several other large investors also recently bought and sold shares of the company. WealthShield Partners LLC acquired a new stake in ProShares Ultra Dow30 in the second quarter valued at $58,000. GenWealth Group Inc. grew its holdings in ProShares Ultra Dow30 by 2.1% in the second quarter. GenWealth Group Inc. now owns 67,964 shares of the company’s stock valued at $5,639,000 after purchasing an additional 1,412 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in ProShares Ultra Dow30 in the second quarter valued at $219,000. Ground Swell Capital LLC acquired a new stake in ProShares Ultra Dow30 in the third quarter valued at $272,000. Finally, Belvedere Trading LLC acquired a new stake in ProShares Ultra Dow30 in the third quarter valued at $387,000.

ProShares Ultra Dow30 Stock Up 1.2 %

DDM opened at $107.22 on Friday. The firm has a market cap of $525.38 million, a P/E ratio of 18.43 and a beta of 1.48. ProShares Ultra Dow30 has a 52 week low of $71.18 and a 52 week high of $107.53. The business’s fifty day simple moving average is $98.31 and its 200 day simple moving average is $90.53.

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.