ProShares UltraShort DJ-UBS Commodity (CMD) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) from a buy rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Cantel Medical Corporation is a global company dedicated to delivering innovative infection prevention products and services for patients, caregivers, and other healthcare providers, which improve outcomes and help save lives. Through an expansive portfolio of endoscopy, water purification and filtration, and healthcare disposables, Cantel Medical provides high-quality infection prevention solutions and unsurpassed service, touching millions of patients each year around the world. Cantel Medical is a leading provider of infection prevention products and services in the healthcare market. Cantel Medical specializing in the Endoscopy procedure disposables includes single-use valves and irrigation tubing. Medical device reprocessing systems, disinfectants, detergents and other supplies are used to disinfect high-level endoscopes. “

Shares of CMD stock opened at $118.77 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. ProShares UltraShort DJ-UBS Commodity has a 1-year low of $69.21 and a 1-year high of $123.60.

In related news, CFO Peter G. Clifford sold 1,250 shares of the stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $114.89, for a total value of $143,612.50. Following the completion of the transaction, the chief financial officer now directly owns 14,172 shares of the company’s stock, valued at approximately $1,628,221.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric W. Nodiff sold 1,275 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 36,650 shares of the company’s stock, valued at $3,969,561.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,209 shares of company stock valued at $4,254,450. Corporate insiders own 14.90% of the company’s stock.

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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