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

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares gapped up before the market opened on Monday . The stock had previously closed at $44.43, but opened at $46.08. ProShares UltraPro Short Dow30 shares last traded at $45.70, with a volume of 982,808 shares trading hands.

ProShares UltraPro Short Dow30 Stock Performance

The company has a 50 day simple moving average of $47.44 and a 200 day simple moving average of $52.63.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SDOW. JPMorgan Chase & Co. boosted 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 buying an additional 543 shares during the period. XTX Topco Ltd acquired a new position in shares of ProShares UltraPro Short Dow30 during the third quarter worth $137,000. Werba Rubin Papier Wealth Management bought a new stake in shares of ProShares UltraPro Short Dow30 in the fourth quarter worth $344,000. Flow Traders U.S. LLC grew its stake 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 worth $685,000 after purchasing an additional 9,090 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in ProShares UltraPro Short Dow30 in the third quarter valued at $727,000.

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.