ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) EVP Seth M. Yellin sold 1,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $103.58, for a total transaction of $103,580.00. Following the completion of the transaction, the executive vice president now directly owns 22,856 shares of the company’s stock, valued at approximately $2,367,424.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) opened at $80.17 on Friday. ProShares UltraShort DJ-UBS Commodity has a 1-year low of $37.21 and a 1-year high of $86.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.31 and a quick ratio of 1.36.
ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last issued its earnings results on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $207.72 million. ProShares UltraShort DJ-UBS Commodity had a net margin of 9.02% and a return on equity of 16.70%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share.
Several brokerages recently weighed in on CMD. Zacks Investment Research cut shares of ProShares UltraShort DJ-UBS Commodity from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Thursday, December 7th. Finally, Raymond James Financial raised shares of 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.
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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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