ProShares UltraShort DJ-UBS Commodity (CMD) Stock Price Down 15.9%
Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) were down 15.9% during mid-day trading on Thursday . The company traded as low as $108.40 and last traded at $109.09. Approximately 827,408 shares changed hands during trading, an increase of 309% from the average daily volume of 202,257 shares. The stock had previously closed at $129.78.
Separately, Zacks Investment Research raised ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Monday, March 12th.
The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.26.
In other ProShares UltraShort DJ-UBS Commodity news, EVP Eric W. Nodiff sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $108.31, for a total transaction of $138,095.25. Following the completion of the transaction, the executive vice president now owns 36,650 shares of the company’s stock, valued at approximately $3,969,561.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Peter G. Clifford sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $114.89, for a total value of $143,612.50. Following the transaction, the chief financial officer now directly owns 14,172 shares of the company’s stock, valued at approximately $1,628,221.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,209 shares of company stock valued at $4,254,450. 14.90% of the stock is owned by company insiders.
About ProShares UltraShort DJ-UBS Commodity
ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.
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