ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Hits New 1-Year Low – Here’s What Happened

Shares of ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) hit a new 52-week low during mid-day trading on Tuesday . The company 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 Stock Performance

The firm has a 50-day moving average price of $47.75 and a 200-day moving average price of $53.08.

Institutional Trading of ProShares UltraPro Short Dow30

Several hedge funds and other institutional investors have recently modified their holdings of SDOW. Walleye Capital LLC bought a new stake in ProShares UltraPro Short Dow30 during the third quarter valued at $727,000. XTX Topco Ltd purchased a new stake in ProShares UltraPro Short Dow30 in the third quarter valued at approximately $137,000. Flow Traders U.S. LLC grew its stake 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. Finally, JPMorgan Chase & Co. increased its holdings in shares of ProShares UltraPro Short Dow30 by 19.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,280 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 543 shares during the last quarter.

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.