ProShares UltraShort Dow30 (NYSEARCA:DXD) Sees Strong Trading Volume
Shares of ProShares UltraShort Dow30 (NYSEARCA:DXD) saw strong trading volume on Tuesday . 59,949 shares traded hands during trading, a decline of 93% from the previous session’s volume of 916,834 shares.The stock last traded at $24.49 and had previously closed at $23.83.
The business’s 50 day simple moving average is $24.49 and its 200 day simple moving average is $26.32.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Prime Capital Investment Advisors LLC acquired a new position in shares of ProShares UltraShort Dow30 in the 3rd quarter valued at $186,000. Simplex Trading LLC bought a new stake in shares of ProShares UltraShort Dow30 in the third quarter valued at about $44,000. Morgan Stanley grew its stake in shares of ProShares UltraShort Dow30 by 30.1% in the second quarter. Morgan Stanley now owns 9,246 shares of the exchange traded fund’s stock valued at $246,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in ProShares UltraShort Dow30 by 102.1% during the second quarter. Tower Research Capital LLC TRC now owns 86,711 shares of the exchange traded fund’s stock worth $2,313,000 after acquiring an additional 43,815 shares during the period.
ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal.
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