ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Trading Up 9.2%

Share on StockTwits

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)’s stock price were up 9.2% during trading on Wednesday . The company traded as high as $55.49 and last traded at $55.39, approximately 2,569,871 shares changed hands during trading. An increase of 113% from the average daily volume of 1,207,441 shares. The stock had previously closed at $50.74.

The stock has a 50-day moving average price of $48.47.

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in ProShares UltraPro Short Dow30 in the 2nd quarter valued at about $1,002,000. Bank of Montreal Can bought a new position in ProShares UltraPro Short Dow30 in the 2nd quarter valued at about $310,000. Finally, Institutional & Family Asset Management LLC bought a new position in ProShares UltraPro Short Dow30 in the 2nd quarter valued at about $63,000.

About ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)

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.

See Also: What factors cause inflation to rise?

Receive News & Ratings for ProShares UltraPro Short Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.