ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Gap Up – What’s Next?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOWGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $48.63, but opened at $49.80. ProShares UltraPro Short Dow30 shares last traded at $49.97, with a volume of 597,130 shares traded.

ProShares UltraPro Short Dow30 Price Performance

The business has a fifty day moving average of $52.12 and a 200 day moving average of $59.86.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Walleye Capital LLC purchased a new position in shares of ProShares UltraPro Short Dow30 during the third quarter worth $727,000. Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro Short Dow30 by 21.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 52,397 shares of the exchange traded fund’s stock valued at $685,000 after buying an additional 9,090 shares during the period. XTX Topco Ltd acquired a new position in ProShares UltraPro Short Dow30 during the 3rd quarter worth about $137,000. Finally, Hollencrest Capital Management boosted its holdings in ProShares UltraPro Short Dow30 by 76.9% during the 2nd quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock valued at $115,000 after acquiring an additional 3,000 shares during the period.

ProShares UltraPro Short Dow30 Company Profile

(Get Free Report)

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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