ProShares Short Dow30 (NYSEARCA:DOG) Stock Break Above 50 Day Moving Average – Here’s Why

Shares of ProShares Short Dow30 (NYSEARCA:DOG) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $21.80 and traded as high as $22.11. ProShares Short Dow30 shares last traded at $22.01, with a volume of 10,472,259 shares traded.

ProShares Short Dow30 Price Performance

The stock’s 50-day moving average is $21.80 and its 200 day moving average is $22.48.

Institutional Investors Weigh In On ProShares Short Dow30

Large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors acquired a new position in shares of ProShares Short Dow30 during the 1st quarter worth approximately $9,560,000. Renaissance Technologies LLC purchased a new stake in ProShares Short Dow30 in the 1st quarter valued at approximately $2,090,000. Squarepoint Ops LLC purchased a new stake in ProShares Short Dow30 in the 2nd quarter valued at approximately $863,000. IMC Chicago LLC acquired a new stake in ProShares Short Dow30 during the 1st quarter valued at $544,000. Finally, Maltin Wealth Management Inc. acquired a new stake in ProShares Short Dow30 during the 3rd quarter valued at $405,000.

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. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.