ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Gap Up to $29.38

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Rating) shares gapped up before the market opened on Wednesday . The stock had previously closed at $29.38, but opened at $30.83. ProShares UltraPro Short Dow30 shares last traded at $30.82, with a volume of 4,994,288 shares traded.

ProShares UltraPro Short Dow30 Stock Down 3.4 %

The stock’s fifty day simple moving average is $26.28 and its 200 day simple moving average is $29.43.

Institutional Trading of ProShares UltraPro Short Dow30

A number of hedge funds have recently bought and sold shares of the business. Jump Financial LLC grew its stake in shares of ProShares UltraPro Short Dow30 by 1,024.9% in the 3rd quarter. Jump Financial LLC now owns 114,560 shares of the exchange traded fund’s stock valued at $4,986,000 after buying an additional 104,376 shares during the period. Brookstone Capital Management purchased a new stake in shares of ProShares UltraPro Short Dow30 in the 3rd quarter valued at approximately $304,000. UBS Group AG grew its stake in shares of ProShares UltraPro Short Dow30 by 33.2% in the 4th quarter. UBS Group AG now owns 15,241 shares of the exchange traded fund’s stock valued at $411,000 after buying an additional 3,799 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of ProShares UltraPro Short Dow30 in the 3rd quarter valued at approximately $364,000. Finally, JPMorgan Chase & Co. grew its stake in shares of ProShares UltraPro Short Dow30 by 70.3% in the 2nd 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.

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.