ProShares Short Dow30 (NYSEARCA:DOG) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of ProShares Short Dow30 (NYSEARCA:DOG) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $21.87 and traded as low as $21.66. ProShares Short Dow30 shares last traded at $21.73, with a volume of 7,871,035 shares.

ProShares Short Dow30 Trading Down 2.2%

The firm has a fifty day moving average of $21.87 and a two-hundred day moving average of $22.45.

Institutional Investors Weigh In On ProShares Short Dow30

A number of large investors have recently made changes to their positions in DOG. Arkadios Wealth Advisors bought a new stake in ProShares Short Dow30 in the first quarter valued at $9,560,000. Renaissance Technologies LLC purchased a new stake in shares of ProShares Short Dow30 in the first quarter worth $2,090,000. Squarepoint Ops LLC bought a new position in shares of ProShares Short Dow30 during the second quarter valued at $863,000. IMC Chicago LLC bought a new position in shares of ProShares Short Dow30 during the first quarter valued at $544,000. Finally, Maltin Wealth Management Inc. bought a new position in shares of ProShares Short Dow30 during the third quarter valued at $405,000.

About ProShares Short Dow30

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.