ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Free Report)’s stock is scheduled to reverse split on the morning of Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.
ProShares UltraPro Short Dow30 Stock Down 1.8 %
ProShares UltraPro Short Dow30 stock opened at $13.46 on Friday. The stock has a 50-day moving average price of $13.54 and a 200 day moving average price of $15.46. ProShares UltraPro Short Dow30 has a 52 week low of $12.24 and a 52 week high of $26.46.
Institutional Trading of ProShares UltraPro Short Dow30
A number of hedge funds and other institutional investors have recently made changes to their positions in SDOW. Hollencrest Capital Management grew its holdings in ProShares UltraPro Short Dow30 by 76.9% during the second quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock worth $115,000 after acquiring an additional 3,000 shares during the period. Quantbot Technologies LP grew its stake in shares of ProShares UltraPro Short Dow30 by 748.7% during the 1st quarter. Quantbot Technologies LP now owns 20,242 shares of the exchange traded fund’s stock worth $319,000 after purchasing an additional 17,857 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of ProShares UltraPro Short Dow30 by 303.5% during the 1st quarter. Headlands Technologies LLC now owns 29,237 shares of the exchange traded fund’s stock worth $460,000 after purchasing an additional 21,991 shares during the period.
About ProShares UltraPro Short Dow30
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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