ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Gap Up – Should You Buy?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOWGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $49.01, but opened at $50.59. ProShares UltraPro Short Dow30 shares last traded at $51.43, with a volume of 934,250 shares trading hands.

ProShares UltraPro Short Dow30 Trading Up 2.7 %

The firm’s 50 day moving average is $48.37 and its two-hundred day moving average is $55.72.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in ProShares UltraPro Short Dow30 by 19.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,280 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 543 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of ProShares UltraPro Short Dow30 in the third quarter valued at $137,000. Flow Traders U.S. LLC grew its holdings 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 valued at $685,000 after purchasing an additional 9,090 shares in the last quarter. Walleye Capital LLC acquired a new position in ProShares UltraPro Short Dow30 in the 3rd quarter worth $727,000. Finally, Hollencrest Capital Management boosted its holdings in ProShares UltraPro Short Dow30 by 76.9% in the second quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock valued at $115,000 after purchasing an additional 3,000 shares during the last quarter.

About ProShares UltraPro Short Dow30

(Get Free Report)

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.

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