ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Gap Up – What’s Next?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares gapped up before the market opened on Monday . The stock had previously closed at $44.70, but opened at $45.76. ProShares UltraPro Short Dow30 shares last traded at $44.83, with a volume of 824,805 shares changing hands.

ProShares UltraPro Short Dow30 Trading Up 0.1 %

The stock’s 50-day moving average is $47.84 and its two-hundred day moving average is $53.22.

Institutional Trading of ProShares UltraPro Short Dow30

Several large investors have recently modified their holdings of SDOW. Walleye Capital LLC bought a new position in ProShares UltraPro Short Dow30 in the third quarter worth approximately $727,000. Flow Traders U.S. LLC lifted its position in ProShares UltraPro Short Dow30 by 21.0% during 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 purchasing an additional 9,090 shares in the last quarter. XTX Topco Ltd bought a new stake in ProShares UltraPro Short Dow30 during the third quarter valued at about $137,000. Finally, JPMorgan Chase & Co. increased its position in ProShares UltraPro Short Dow30 by 19.8% in the third quarter. JPMorgan Chase & Co. now owns 3,280 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 543 shares in the last quarter.

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.