ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) declared a dividend on Wednesday, December 19th, NASDAQ reports. Investors of record on Thursday, January 17th will be given a dividend of 0.10 per share by the medical instruments supplier on Thursday, January 31st. The ex-dividend date of this dividend is Wednesday, January 16th. This is a positive change from ProShares UltraShort DJ-UBS Commodity’s previous dividend of $0.09.
CMD stock opened at $78.64 on Friday. ProShares UltraShort DJ-UBS Commodity has a 52 week low of $69.36 and a 52 week high of $130.92.
ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last released its quarterly earnings results on Thursday, November 29th. The medical instruments supplier reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $225.60 million during the quarter, compared to analyst estimates of $227.50 million. During the same quarter last year, the company posted $0.57 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis.
Several research firms recently commented on CMD. Zacks Investment Research upgraded shares of ProShares UltraShort DJ-UBS Commodity from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Sidoti set a $120.00 price target on shares of ProShares UltraShort DJ-UBS Commodity and gave the company a “buy” rating in a research note on Friday, September 28th. Finally, Raymond James decreased their price target on shares of ProShares UltraShort DJ-UBS Commodity from $115.00 to $108.00 and set an “outperform” rating on the stock in a research note on Friday, September 28th.
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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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