ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Hits New 1-Year Low – Here’s What Happened

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $43.44 and last traded at $43.63, with a volume of 3472806 shares. The stock had previously closed at $44.51.

ProShares UltraPro Short Dow30 Price Performance

The firm has a fifty day moving average of $49.46 and a 200 day moving average of $58.10.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management grew its position in 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 worth $115,000 after acquiring an additional 3,000 shares during the period. XTX Topco Ltd acquired a new position in shares of ProShares UltraPro Short Dow30 in the 3rd quarter valued at $137,000. Flow Traders U.S. LLC grew its holdings in shares of ProShares UltraPro Short Dow30 by 21.0% during the 3rd quarter. Flow Traders U.S. LLC now owns 52,397 shares of the exchange traded fund’s stock worth $685,000 after purchasing an additional 9,090 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of ProShares UltraPro Short Dow30 during the 3rd quarter worth about $727,000.

ProShares UltraPro Short Dow30 Company Profile

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.