ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Hits New 1-Year Low – Time to Sell?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $43.39 and last traded at $43.31, with a volume of 663800 shares traded. The stock had previously closed at $43.80.

ProShares UltraPro Short Dow30 Price Performance

The stock’s 50 day moving average price is $47.54 and its 200-day moving average price is $52.89.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Hedge funds and other institutional investors have recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in shares of ProShares UltraPro Short Dow30 in the third quarter valued at approximately $727,000. Flow Traders U.S. LLC lifted 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 worth $685,000 after buying an additional 9,090 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of ProShares UltraPro Short Dow30 during the third quarter worth about $137,000. Finally, JPMorgan Chase & Co. lifted its stake 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 valued at $43,000 after buying an additional 543 shares during 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.