ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Free Report) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $24.57 and traded as low as $23.57. ProShares UltraPro Short Dow30 shares last traded at $23.83, with a volume of 4,736,487 shares trading hands.
ProShares UltraPro Short Dow30 Trading Down 6.5%
The company’s 50 day moving average price is $24.57 and its 200-day moving average price is $27.13.
Institutional Investors Weigh In On ProShares UltraPro Short Dow30
Several institutional investors have recently bought and sold shares of the business. Simplex Trading LLC purchased a new position in ProShares UltraPro Short Dow30 in the 3rd quarter valued at about $234,000. Squarepoint Ops LLC acquired a new stake in shares of ProShares UltraPro Short Dow30 during the second quarter valued at about $1,390,000. Parallel Advisors LLC increased its position in shares of ProShares UltraPro Short Dow30 by 261.9% during the first quarter. Parallel Advisors LLC now owns 1,737 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 1,257 shares during the last quarter. Group One Trading LLC increased its position in shares of ProShares UltraPro Short Dow30 by 335.7% during the first quarter. Group One Trading LLC now owns 58,829 shares of the exchange traded fund’s stock worth $2,071,000 after acquiring an additional 45,328 shares during the last quarter. Finally, IMC Chicago LLC increased its position in shares of ProShares UltraPro Short Dow30 by 32.5% during the first quarter. IMC Chicago LLC now owns 140,711 shares of the exchange traded fund’s stock worth $4,954,000 after acquiring an additional 34,501 shares during the last quarter.
About ProShares UltraPro Short Dow30
ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.
Further Reading
- Five stocks we like better than ProShares UltraPro Short Dow30
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for ProShares UltraPro Short Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.
