ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Chairman Charles M. Diker sold 2,584 shares of the stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $113.15, for a total value of $292,379.60. Following the sale, the chairman now directly owns 3,014,394 shares in the company, valued at $341,078,681.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NYSEARCA:CMD opened at $113.71 on Friday. ProShares UltraShort DJ-UBS Commodity has a 52-week low of $69.21 and a 52-week high of $123.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.31.
Several analysts have recently issued reports on CMD shares. Raymond James Financial raised ProShares UltraShort DJ-UBS Commodity from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Wednesday, January 3rd. Zacks Investment Research lowered ProShares UltraShort DJ-UBS Commodity from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Thursday, December 7th.
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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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