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Proshares Ultra Dow30 (DDM) |
QUOTE AND NEWS
My Trader's Journal
Nov 30
Comment
Like most bullish investors, I woke up to see some exciting futures this morning only to see them improve even more with each piece of data and news story that hit the wires. I was considering opening more exposure on Monday (and obviously...
Wall Street Sector Selector
Sep 28
Comment
NYSE:DDM, NYSE:EWA, NYSE:IVV, NYSE:EWG, NYSE:EWJ, NYSE:EWU
Forbes
Aug 2
Comment
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Proshares Ultra Dow30 (DDM) where we have detected an approximate $36.2 million dollar inflow -- that's a 13.3%...
MarketWatch
Dec 1
Comment
Expect an almost sideways market with plenty of volatility, writes Thomas Kee.
MarketWatch
Nov 1
Comment
Thomas Kee sees continued weakness in the U.S. economy, and the declines could even become severe after the FOMC decision, the election, and quantitative easing.
TheStreet.com
Oct 4
Comment
DIA (DOW JONES 30 ETF) & DDM (ProShares DOW JONES UTRA 2 X ETF) key off the popular DJIA Index but both are suffering from the battle to break through obvious resistance levels like many other major market sectors.
Banking Business Review
Sep 23
Comment
Borsa Italiana, part of the London Stock Exchange Group, has extended the license and support agreement for the real-time market data system DDM Plus with Cinnober for one more year.
Wall Street Sector Selector
Jul 21
Comment
Richard Russell continues his assertion that we are in a primary bear market. Richard classifies the current condition of the market as an upward correction [referring to the rally that commenced in March 2009]. The most troubling insight Richard...
MarketWatch
Feb 1
Comment
January was a month where we looked for shorts, and February will be a month in which we should look for longs, writes Thomas Kee.
Rocket Science Investing - Exchange Traded Funds
Jan 26
Comment
Major stock indexes rose Monday as momentum shifted in favor of the reappointment of Federal Reserve Chairman Ben Bernanke.
Investors want Bernanke to remain in control of the Fed and maintain his low interest rate policy. The prospect that he...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
TOP CONTRIBUTORS
Proshares Ultra Dow30 (DDM) is an Exchange Traded Fund (ETF) that seeks to mimic the daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones Industrial Average (DJIA). In other words, if this underlying index declines by 1% for the day, the NAV of DDM will more or less decline by 2%, before fees and expenses. In the same manner, if this underlying index rises by 1% for the day, the NAV of DDM rises by 2% as well.
Inception Date: 06/19/06
Investment Strategy:
The principal investment strategies of this fund include:
- investing in equity securities and financial instruments (including derivatives) that the fund managers believe will produce twice the daily return of the Dow Jones Industrial Average.
- committing at least 80% of its net assets to equity securities or financial instruments that have similar economic characteristics contained in the Index.
- employing leveraged investment techniques or sampling techniques in seeking its investment objective.
- assets not invested in equity securities or financial instruments are invested in debt securities or money market instruments.
- concentrating its investments in a particular industry to approximately the same extent as the Index
Annual Fund Operating Expenses:
| Investment Advisory Fee: | 0.75% |
| Distribution and Service (12b-1) Fee: | 0.00% |
| Other Expenses: | 0.27% |
| Total Annual Fund Operating Expenses: | 1.02% |
| Fee Waivers / Reimbursements: | -0.07% |
| Total Net Annual Fund Operating Expenses: | 0.95% |
Top 10 Holdings: (As of February 26, 2009)
| Company | Weight |
|---|---|
| International Business Machines | 9.87% |
| Exxon Mobil Corp. | 7.87% |
| Chevron Corp. | 7.01% |
| Johnson and Johnson | 5.82% |
| McDonald's Corp. | 5.79% |
| Proctor and Gamble | 5.43% |
| Walmart Stores Inc. | 5.35% |
| 3M | 5.14% |
| United Technologies Corp | 4.56% |
| Coca-Cola | 4.55% |
Reference:
Company Website: http://www.proshares.com
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