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

Hollencrest Capital Management reduced its stake in ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) by 75.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,725 shares of the exchange traded fund’s stock after selling 5,175 shares during the quarter. Hollencrest Capital Management’s holdings in ProShares UltraPro Short Dow30 were worth $87,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted 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 worth $43,000 after buying an additional 543 shares during the last quarter. Werba Rubin Papier Wealth Management bought a new stake in ProShares UltraPro Short Dow30 during the 4th quarter valued at approximately $344,000. XTX Topco Ltd acquired a new stake in ProShares UltraPro Short Dow30 in the 3rd quarter valued at approximately $137,000. Walleye Capital LLC acquired a new stake in ProShares UltraPro Short Dow30 in the 3rd quarter valued at approximately $727,000. Finally, Flow Traders U.S. LLC increased its position 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 during the period.

ProShares UltraPro Short Dow30 Price Performance

SDOW opened at $55.33 on Thursday. The business has a 50 day moving average of $47.48 and a 200-day moving average of $49.84. ProShares UltraPro Short Dow30 has a 1-year low of $42.97 and a 1-year high of $74.88.

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.