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

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $44.32, but opened at $45.45. ProShares UltraPro Short Dow30 shares last traded at $45.39, with a volume of 536,163 shares trading hands.

ProShares UltraPro Short Dow30 Trading Down 2.3 %

The stock’s 50-day simple moving average is $47.47 and its 200-day simple moving average is $51.70.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Walleye Capital LLC purchased a new position in ProShares UltraPro Short Dow30 during the 3rd quarter valued at about $727,000. Flow Traders U.S. LLC increased its holdings in ProShares UltraPro Short Dow30 by 21.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 52,397 shares of the exchange traded fund’s stock worth $685,000 after buying an additional 9,090 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of ProShares UltraPro Short Dow30 during the third quarter valued at approximately $137,000. JPMorgan Chase & Co. raised its stake 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 valued at $43,000 after buying an additional 543 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management bought a new position in shares of ProShares UltraPro Short Dow30 during the 4th quarter valued at $344,000.

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.