ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Stock Price Pass Above 200-Day Moving Average of $34.15
ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.15 and traded as high as $44.88. ProShares UltraPro Short Dow30 shares last traded at $44.79, with a volume of 28,584 shares traded.
The firm’s 50-day moving average is $50.10 and its two-hundred day moving average is $34.15.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Institutional & Family Asset Management LLC acquired a new stake in ProShares UltraPro Short Dow30 in the 2nd quarter valued at about $63,000. Bank of Montreal Can acquired a new stake in ProShares UltraPro Short Dow30 in the 2nd quarter valued at about $310,000. Finally, Renaissance Technologies LLC acquired a new stake in ProShares UltraPro Short Dow30 in the 2nd quarter valued at about $1,002,000.
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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