ProShares Short Dow30 (NYSEARCA:DOG) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

ProShares Short Dow30 (NYSEARCA:DOG)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.87 and traded as low as $25.44. ProShares Short Dow30 shares last traded at $25.47, with a volume of 1,342,780 shares trading hands.

ProShares Short Dow30 Stock Performance

The business has a 50-day moving average price of $26.60 and a 200-day moving average price of $27.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in ProShares Short Dow30 in the 3rd quarter valued at $275,000. IHT Wealth Management LLC acquired a new stake in shares of ProShares Short Dow30 in the 3rd quarter worth $222,000. Cornerstone Wealth Management LLC acquired a new stake in shares of ProShares Short Dow30 in the 3rd quarter worth $690,000. Atomi Financial Group Inc. increased its stake in shares of ProShares Short Dow30 by 3.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 16,652 shares of the company’s stock worth $446,000 after acquiring an additional 509 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of ProShares Short Dow30 in the 2nd quarter worth $344,000.

ProShares Short Dow30 Company Profile

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies.