ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Gap Up – Still a Buy?

Posted by Lisa Durand on Jan 1st, 2025

Shares of ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $49.01, but opened at $50.59. ProShares UltraPro Short Dow30 shares last traded at $51.43, with a volume of 934,250 shares.

ProShares UltraPro Short Dow30 Stock Performance

The company’s 50 day moving average price is $48.39 and its 200 day moving average price is $55.45.

Institutional Trading of ProShares UltraPro Short Dow30

A number of institutional investors and hedge funds have recently made changes to their positions in SDOW. JPMorgan Chase & Co. raised its position in shares of ProShares UltraPro Short Dow30 by 19.8% in the third quarter. JPMorgan Chase & Co. now owns 3,280 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 543 shares during the period. Hollencrest Capital Management grew its stake in ProShares UltraPro Short Dow30 by 76.9% in the 2nd 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. XTX Topco Ltd bought a new position in ProShares UltraPro Short Dow30 in the 3rd quarter worth $137,000. Flow Traders U.S. LLC lifted its position in 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 acquiring an additional 9,090 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in ProShares UltraPro Short Dow30 during the third quarter valued at about $727,000.

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.