ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Hits New 12-Month Low – What’s Next?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $47.26 and last traded at $47.57, with a volume of 239535 shares trading hands. The stock had previously closed at $47.52.

ProShares UltraPro Short Dow30 Trading Down 0.2 %

The business’s fifty day simple moving average is $13.46 and its two-hundred day simple moving average is $15.33.

Institutional Trading of ProShares UltraPro Short Dow30

Institutional investors and hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management raised its holdings in shares of ProShares UltraPro Short Dow30 by 76.9% in the second quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock valued at $115,000 after buying an additional 3,000 shares during the last quarter. Quantbot Technologies LP lifted its position in ProShares UltraPro Short Dow30 by 748.7% during the 1st quarter. Quantbot Technologies LP now owns 20,242 shares of the exchange traded fund’s stock worth $319,000 after acquiring an additional 17,857 shares during the period. Finally, Headlands Technologies LLC increased its holdings in shares of ProShares UltraPro Short Dow30 by 303.5% in the first quarter. Headlands Technologies LLC now owns 29,237 shares of the exchange traded fund’s stock valued at $460,000 after purchasing an additional 21,991 shares during the period.

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.