ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Share Price Cross Below 200-Day Moving Average – What’s Next?

Shares of ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.30 and traded as low as $24.90. ProShares UltraPro Short Dow30 shares last traded at $25.18, with a volume of 2,278,747 shares.

ProShares UltraPro Short Dow30 Trading Down 0.8%

The company has a 50-day simple moving average of $27.87 and a two-hundred day simple moving average of $30.30.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Several hedge funds have recently made changes to their positions in the company. IMC Chicago LLC grew its stake in ProShares UltraPro Short Dow30 by 32.5% in the first quarter. IMC Chicago LLC now owns 140,711 shares of the exchange traded fund’s stock worth $4,954,000 after purchasing an additional 34,501 shares during the period. Quadrature Capital Ltd bought a new position in shares of ProShares UltraPro Short Dow30 in the 4th quarter worth about $3,681,000. Squarepoint Ops LLC increased its stake in shares of ProShares UltraPro Short Dow30 by 0.5% in the 3rd quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock worth $2,902,000 after acquiring an additional 381 shares in the last quarter. Group One Trading LLC lifted its position in ProShares UltraPro Short Dow30 by 335.7% during the 1st quarter. Group One Trading LLC now owns 58,829 shares of the exchange traded fund’s stock valued at $2,071,000 after acquiring an additional 45,328 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new position in ProShares UltraPro Short Dow30 during the 4th quarter valued at about $1,598,000.

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. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.