ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Chairman Charles M. Diker sold 9,978 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $107.17, for a total value of $1,069,342.26. Following the completion of the sale, the chairman now owns 3,052,678 shares of the company’s stock, valued at approximately $327,155,501.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA CMD) traded up $0.51 during trading hours on Friday, hitting $80.17. ProShares UltraShort DJ-UBS Commodity has a 52 week low of $37.21 and a 52 week high of $86.30. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.26.
ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last posted its quarterly earnings data on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. ProShares UltraShort DJ-UBS Commodity had a return on equity of 16.70% and a net margin of 9.02%. The company had revenue of $212.80 million during the quarter, compared to analyst estimates of $207.72 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis.
CMD has been the subject of several research reports. Zacks Investment Research raised ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Thursday, January 4th. Needham & Company LLC reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Thursday, December 7th. Finally, Raymond James Financial reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Monday, December 4th.
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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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