DDM Stock Summary and Trading Ideas (ProShares Ultra Dow30 | ARCA:DDM)

ProShares Ultra Dow30 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the Dow Jones Industrial Average

ProShares Ultra Dow30 trades on the ARCA stock market under the symbol DDM.

As of April 24, 2024, DDM stock price declined to $81.01 with 296,675 million shares trading.

DDM has a beta of 1.53, meaning it tends to be more sensitive to market movements. DDM has a correlation of 0.72 to the broad based SPY ETF.

DDM has a market cap of $384.80 million. This is considered a Small Cap stock.

In the last 3 years, DDM stock traded as high as $87.67 and as low as $48.42.

DDM has underperformed the market in the last year with a return of +23.6%, while the SPY ETF gained +24.1%. In the last 3 month period, DDM fell short of the market, returning +2.3%, while SPY returned +4.5%. However, in the most recent 2 weeks DDM has outperformed the stock market by returning -0.2%, while SPY returned -1.7%.

DDM support price is $79.98 and resistance is $82.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DDM stock will trade within this expected range on the day.