ProShares UltraShort DJ-UBS Commodity (CMD) Chairman Charles M. Diker Sells 12,000 Shares

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Chairman Charles M. Diker sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $100.53, for a total transaction of $1,206,360.00. Following the completion of the transaction, the chairman now owns 3,078,256 shares in the company, valued at $309,457,075.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) traded up $0.51 on Wednesday, reaching $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 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 announced its earnings results on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. ProShares UltraShort DJ-UBS Commodity had a net margin of 9.02% and a return on equity of 16.70%. The firm had revenue of $212.80 million for the quarter, compared to the consensus estimate of $207.72 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research note on Monday, December 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Thursday, December 7th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Monday, December 4th.

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ProShares UltraShort DJ-UBS Commodity Company Profile

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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