ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Share Price Pass Above Two Hundred Day Moving Average – Here’s What Happened

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $49.49 and traded as high as $53.93. ProShares UltraPro Short Dow30 shares last traded at $53.77, with a volume of 3,099,280 shares traded.

ProShares UltraPro Short Dow30 Stock Performance

The firm has a 50 day moving average of $48.10 and a two-hundred day moving average of $49.42.

ProShares UltraPro Short Dow30 Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be given a $0.6141 dividend. The ex-dividend date is Wednesday, March 26th.

Institutional Trading of ProShares UltraPro Short Dow30

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Capital LLC purchased a new position in ProShares UltraPro Short Dow30 during the 3rd quarter worth approximately $727,000. Flow Traders U.S. LLC boosted its holdings in shares of ProShares UltraPro Short Dow30 by 21.0% in the third quarter. Flow Traders U.S. LLC now owns 52,397 shares of the exchange traded fund’s stock valued at $685,000 after acquiring an additional 9,090 shares during the period. XTX Topco Ltd purchased a new position in shares of ProShares UltraPro Short Dow30 during the third quarter worth approximately $137,000. JPMorgan Chase & Co. increased its holdings in shares of ProShares UltraPro Short Dow30 by 19.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,280 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 543 shares during the period. Finally, Werba Rubin Papier Wealth Management purchased a new stake in ProShares UltraPro Short Dow30 in the 4th quarter valued at $344,000.

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.