Dow vs. DDM

I

Ivanovich

Apologies in advance if this is a noob question, but can someone explain to me why DDM is only up .16% and the Dow up 224 points?
 
No one knows? This is what Proshares says about the fund:

"Ultra Dow30 ProShares seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones Industrial AverageSM."

Yet this morning, DDM is @ 51.63, up .27% and the dow is up 2.1%
 
Frankly, that -777 close made no sense to me, it was -590ish at 4:00pm, and YM never reached the same lows DJIA did afterhours. Usually YM has a 10 point premium on DJIA, but the low for YM was 10400 while it was 10260 for DJIA.
 
Noticing it as well, I trade DDM alot and from what I can tell is that the last minutes of trading the dow dropped extremely hard, the closing prices on the proshares occurs at approx 4:15pm, the NAV on DDM yesterday was approx $49.50, so basically the ETF is up around $2.00 from its closing NAV however I still dont comprehend this either, I dont think at anytime yesterday this ETF could have been bought for $49 and change and sold today for $51+ Im going to give them a call and ask for some info related to this, aside from that look at DXD.

DXD down 2.5%

DDM up .56%


:confused: :confused: :confused:
 
Quote from Ivanovich:

I'm simply going to stop putting money in these ETFs if they function this way. It's just too fishy.
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Yeah, UYG was dysfunctional this morning. They are useless if they only follow the index some of the time.
 
Quote from Ivanovich:

Apologies in advance if this is a noob question, but can someone explain to me why DDM is only up .16% and the Dow up 224 points?
More...
...and the ATM Calls are getting crushed!
 
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