ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) EVP Eric W. Nodiff sold 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $108.31, for a total value of $138,095.25. Following the transaction, the executive vice president now directly owns 36,650 shares in the company, valued at approximately $3,969,561.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CMD traded down $0.65 during mid-day trading on Friday, reaching $110.10. 2,354 shares of the company’s stock traded hands, compared to its average volume of 217,451. ProShares UltraShort DJ-UBS Commodity has a 12 month low of $69.21 and a 12 month high of $123.60. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.26.
A number of research analysts have recently commented on CMD shares. Zacks Investment Research raised ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Monday, March 12th. 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 research note on Wednesday, January 3rd.
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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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