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

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) hit a new 52-week low during trading on Tuesday . The company traded as low as $43.39 and last traded at $43.31, with a volume of 663800 shares trading hands. The stock had previously closed at $43.80.

ProShares UltraPro Short Dow30 Stock Performance

The firm’s 50 day simple moving average is $47.75 and its 200 day simple moving average is $53.08.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in 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 worth $43,000 after purchasing an additional 543 shares during the period. XTX Topco Ltd purchased a new stake in shares of ProShares UltraPro Short Dow30 in the 3rd quarter worth about $137,000. Flow Traders U.S. LLC boosted its stake in ProShares UltraPro Short Dow30 by 21.0% during 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 in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of ProShares UltraPro Short Dow30 in the 3rd quarter worth approximately $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.