ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Hits New 1-Year Low – Time to Sell?

Posted by Trent Williams on Jan 30th, 2025

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $43.39 and last traded at $43.31, with a volume of 663800 shares changing hands. The stock had previously closed at $43.80.

ProShares UltraPro Short Dow30 Stock Performance

The firm has a 50 day simple moving average of $47.54 and a two-hundred day simple moving average of $52.89.

Hedge Funds Weigh In On ProShares UltraPro Short Dow30

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 543 shares during the period. Flow Traders U.S. LLC grew its holdings in shares of 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 worth $685,000 after purchasing an additional 9,090 shares during the last quarter. XTX Topco Ltd purchased a new stake in ProShares UltraPro Short Dow30 in the 3rd quarter worth approximately $137,000. Finally, Walleye Capital LLC purchased a new position in shares of ProShares UltraPro Short Dow30 during the third quarter valued at about $727,000.

ProShares UltraPro Short Dow30 Company Profile

(Get Free Report)

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.