ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) declared a dividend on Wednesday, November 1st, NASDAQ reports. Investors of record on Wednesday, January 17th will be paid a dividend of 0.085 per share by the medical instruments supplier on Wednesday, January 31st. The ex-dividend date of this dividend is Tuesday, January 16th.
Shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) traded up $0.51 during trading on Thursday, reaching $80.17. 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 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 (NYSEARCA:CMD) last posted its quarterly earnings results on Thursday, December 7th. The medical instruments supplier reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $212.80 million for the quarter, compared to the consensus estimate 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 firm posted $0.51 EPS.
In related news, Chairman Charles M. Diker sold 18,000 shares of ProShares UltraShort DJ-UBS Commodity stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $101.60, for a total value of $1,828,800.00. Following the completion of the sale, the chairman now directly owns 3,066,256 shares in the company, valued at approximately $311,531,609.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Seth M. Yellin sold 1,000 shares of ProShares UltraShort DJ-UBS Commodity stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $103.58, for a total transaction of $103,580.00. The disclosure for this sale can be found here. Insiders sold a total of 47,700 shares of company stock worth $4,829,533 over the last 90 days. Company insiders own 14.90% of the company’s stock.
A number of research analysts have commented on CMD shares. Zacks Investment Research raised shares of ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Thursday, January 4th. Needham & Company LLC reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Thursday, December 7th. Finally, Raymond James Financial reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research 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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