ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Pass Above 200-Day Moving Average of $26.30

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $26.30 and traded as high as $27.75. ProShares UltraPro Short Dow30 shares last traded at $27.61, with a volume of 6,685,794 shares traded.

ProShares UltraPro Short Dow30 Price Performance

The stock’s 50 day moving average is $26.41 and its two-hundred day moving average is $26.31.

Institutional Trading of ProShares UltraPro Short Dow30

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of ProShares UltraPro Short Dow30 by 14.3% during the second quarter. UBS Group AG now owns 4,637 shares of the exchange traded fund’s stock valued at $172,000 after purchasing an additional 581 shares during the last quarter. Quantbot Technologies LP acquired a new position in ProShares UltraPro Short Dow30 in the second quarter valued at approximately $33,000. JPMorgan Chase & Co. lifted its holdings in ProShares UltraPro Short Dow30 by 70.3% in the second quarter. JPMorgan Chase & Co. now owns 2,476 shares of the exchange traded fund’s stock valued at $92,000 after buying an additional 1,022 shares during the period. Lindbrook Capital LLC lifted its holdings in ProShares UltraPro Short Dow30 by 400.0% in the first quarter. Lindbrook Capital LLC now owns 3,000 shares of the exchange traded fund’s stock valued at $79,000 after buying an additional 2,400 shares during the period. Finally, HRT Financial LP lifted its holdings in ProShares UltraPro Short Dow30 by 35.9% in the fourth quarter. HRT Financial LP now owns 12,870 shares of the exchange traded fund’s stock valued at $346,000 after buying an additional 3,399 shares during the period.

About ProShares UltraPro Short Dow30

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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.