ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Hits New 52-Week Low – Here’s What Happened

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares reached a new 52-week low on Monday . The company traded as low as $44.78 and last traded at $44.78, with a volume of 73123 shares traded. The stock had previously closed at $45.80.

ProShares UltraPro Short Dow30 Stock Performance

The business’s 50 day simple moving average is $51.29 and its 200 day simple moving average is $59.28.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management raised its stake in shares of 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 acquiring an additional 3,000 shares during the period. XTX Topco Ltd purchased a new stake in shares of ProShares UltraPro Short Dow30 in the 3rd quarter valued at approximately $137,000. Flow Traders U.S. LLC increased its stake 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 buying an additional 9,090 shares during the period. Finally, Walleye Capital LLC purchased a new stake in ProShares UltraPro Short Dow30 during the 3rd quarter worth approximately $727,000.

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.