Tower Research Capital LLC TRC Has $1.03 Million Stake in ProShares UltraShort Dow30 (NYSEARCA:DXD)

Tower Research Capital LLC TRC increased its position in shares of ProShares UltraShort Dow30 (NYSEARCA:DXD) by 381.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 38,255 shares of the exchange traded fund’s stock after buying an additional 30,315 shares during the period. Tower Research Capital LLC TRC’s holdings in ProShares UltraShort Dow30 were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC raised its holdings in shares of ProShares UltraShort Dow30 by 10.7% in the 4th quarter. Renaissance Technologies LLC now owns 14,500 shares of the exchange traded fund’s stock worth $391,000 after buying an additional 1,400 shares in the last quarter. Jump Financial LLC bought a new position in shares of ProShares UltraShort Dow30 in the fourth quarter valued at about $553,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of ProShares UltraShort Dow30 during the fourth quarter worth approximately $647,000.

ProShares UltraShort Dow30 Trading Down 2.5 %

Shares of DXD opened at $29.32 on Friday. The business’s fifty day moving average price is $28.45 and its two-hundred day moving average price is $26.85. ProShares UltraShort Dow30 has a 52 week low of $24.23 and a 52 week high of $35.79.

ProShares UltraShort Dow30 Profile

ProShares UltraShort Dow30 (the Fund), formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal.