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

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $52.50, but opened at $51.33. ProShares UltraPro Short Dow30 shares last traded at $51.17, with a volume of 1,006,059 shares changing hands.

ProShares UltraPro Short Dow30 Trading Down 3.5 %

The business’s 50-day moving average price is $48.50 and its 200 day moving average price is $56.74.

Institutional Trading of ProShares UltraPro Short Dow30

Large investors have recently modified their holdings of the business. Walleye Capital LLC bought a new stake in shares of ProShares UltraPro Short Dow30 during the 3rd quarter worth $727,000. Flow Traders U.S. LLC increased its position in shares of ProShares UltraPro Short Dow30 by 21.0% during the 3rd 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 during the last quarter. XTX Topco Ltd bought a new position in shares of ProShares UltraPro Short Dow30 during the 3rd quarter valued at about $137,000. Finally, Hollencrest Capital Management raised its holdings in shares of ProShares UltraPro Short Dow30 by 76.9% during the 2nd quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock valued at $115,000 after buying an additional 3,000 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.