ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Free Report)’s share price rose 5.5% during mid-day trading on Friday . The company traded as high as $47.99 and last traded at $48.11. Approximately 1,956,967 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 2,446,529 shares. The stock had previously closed at $45.60.
ProShares UltraPro Short Dow30 Price Performance
The stock has a 50-day simple moving average of $47.35 and a 200-day simple moving average of $51.15.
Institutional Trading of ProShares UltraPro Short Dow30
A number of hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in shares of ProShares UltraPro Short Dow30 during the fourth quarter valued at about $3,276,000. Walleye Capital LLC acquired a new position in shares of ProShares UltraPro Short Dow30 in the third quarter worth approximately $727,000. Flow Traders U.S. LLC lifted its stake in shares of ProShares UltraPro Short Dow30 by 21.0% in the third quarter. Flow Traders U.S. LLC now owns 52,397 shares of the exchange traded fund’s stock worth $685,000 after acquiring an additional 9,090 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraPro Short Dow30 by 225,955.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,345 shares of the exchange traded fund’s stock worth $1,031,000 after acquiring an additional 20,336 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of ProShares UltraPro Short Dow30 in the fourth quarter worth approximately $763,000.
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.
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