Charles M. Diker Sells 18,000 Shares of ProShares UltraShort DJ-UBS Commodity (CMD) Stock

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Chairman Charles M. Diker sold 18,000 shares of ProShares UltraShort DJ-UBS Commodity stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $101.60, for a total transaction of $1,828,800.00. Following the transaction, the chairman now owns 3,066,256 shares in the company, valued at approximately $311,531,609.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA CMD) opened at $80.17 on Friday. 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 has a fifty-two week low of $37.21 and a fifty-two week high of $86.30.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last announced its quarterly earnings data on Thursday, December 7th. The medical instruments supplier reported $0.57 earnings per share for the quarter, beating 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 analyst estimates of $207.72 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year.

Several research firms recently issued reports on CMD. Zacks Investment Research upgraded 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 report on Monday, December 11th. Needham & Company LLC restated a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Thursday, December 7th. Finally, Raymond James Financial restated a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a 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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