ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Trading 2.7% Higher – Should You Buy?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shot up 2.7% on Friday . The stock traded as high as $49.24 and last traded at $49.19. 876,645 shares were traded during trading, a decline of 75% from the average session volume of 3,443,951 shares. The stock had previously closed at $47.90.

ProShares UltraPro Short Dow30 Trading Up 3.6 %

The company has a fifty day moving average of $48.38 and a two-hundred day moving average of $56.04.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised 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 buying an additional 543 shares during the period. XTX Topco Ltd purchased a new stake in ProShares UltraPro Short Dow30 in the third quarter worth $137,000. Flow Traders U.S. LLC lifted its position in shares of 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 worth $685,000 after purchasing an additional 9,090 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of ProShares UltraPro Short Dow30 during the third quarter worth $727,000. Finally, Hollencrest Capital Management boosted its stake in shares of ProShares UltraPro Short Dow30 by 76.9% during the second quarter. Hollencrest Capital Management now owns 6,900 shares of the exchange traded fund’s stock valued at $115,000 after purchasing an additional 3,000 shares during the period.

About ProShares UltraPro Short Dow30

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.