Hollencrest Capital Management Sells 5,175 Shares of ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)

Hollencrest Capital Management lowered its stake in ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) by 75.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,725 shares of the exchange traded fund’s stock after selling 5,175 shares during the period. Hollencrest Capital Management’s holdings in ProShares UltraPro Short Dow30 were worth $87,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Walleye Capital LLC acquired a new stake in shares of ProShares UltraPro Short Dow30 during the 3rd quarter valued at $727,000. Flow Traders U.S. LLC raised its position in ProShares UltraPro Short Dow30 by 21.0% in the third 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 acquired a new stake in shares of ProShares UltraPro Short Dow30 during the third quarter valued at about $137,000. Werba Rubin Papier Wealth Management bought a new stake in shares of ProShares UltraPro Short Dow30 during the fourth quarter worth about $344,000. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 period.

ProShares UltraPro Short Dow30 Trading Up 0.6 %

NYSEARCA:SDOW opened at $55.33 on Thursday. ProShares UltraPro Short Dow30 has a one year low of $42.97 and a one year high of $74.88. The firm’s 50 day simple moving average is $47.48 and its 200 day simple moving average is $49.84.

ProShares UltraPro Short Dow30 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.