ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Trading 5.5% Higher – Here’s Why

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares traded up 5.5% during trading on Friday . The stock traded as high as $47.99 and last traded at $48.11. 1,956,967 shares were traded during trading, a decline of 20% from the average session volume of 2,446,529 shares. The stock had previously closed at $45.60.

ProShares UltraPro Short Dow30 Stock Performance

The company’s 50 day moving average price is $47.36 and its 200 day moving average price is $50.89.

Institutional Trading of ProShares UltraPro Short Dow30

Several hedge funds have recently modified their holdings of SDOW. Squarepoint Ops LLC bought a new stake in shares of ProShares UltraPro Short Dow30 during the fourth quarter valued at approximately $3,276,000. Walleye Capital LLC bought a new position in ProShares UltraPro Short Dow30 in the third quarter valued at approximately $727,000. Tower Research Capital LLC TRC boosted its stake in ProShares UltraPro Short Dow30 by 225,955.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,345 shares of the exchange traded fund’s stock valued at $1,031,000 after acquiring an additional 20,336 shares during the last quarter. Headlands Technologies LLC bought a new position in ProShares UltraPro Short Dow30 in the fourth quarter valued at approximately $763,000. Finally, XTX Topco Ltd bought a new position in ProShares UltraPro Short Dow30 in the third quarter valued at approximately $137,000.

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.