ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Sets New 52-Week Low – Here’s Why

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)’s stock price hit a new 52-week low on Monday . The stock traded as low as $44.78 and last traded at $44.78, with a volume of 73123 shares traded. The stock had previously closed at $45.80.

ProShares UltraPro Short Dow30 Stock Performance

The business’s 50-day simple moving average is $51.06 and its 200-day simple moving average is $59.13.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SDOW. Walleye Capital LLC acquired a new stake in ProShares UltraPro Short Dow30 during the 3rd quarter worth about $727,000. XTX Topco Ltd acquired a new stake in ProShares UltraPro Short Dow30 during the third quarter worth about $137,000. Flow Traders U.S. LLC raised its position in ProShares UltraPro Short Dow30 by 21.0% during 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 acquiring an additional 9,090 shares in the last quarter. Finally, Hollencrest Capital Management lifted its holdings in ProShares UltraPro Short Dow30 by 76.9% in the second quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock valued at $115,000 after acquiring an additional 3,000 shares during the period.

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.