ProShares Short Dow30 (NYSEARCA:DOG) Shares Up 1.9% – Time to Buy?

ProShares Short Dow30 (NYSEARCA:DOG) shares shot up 1.9% during trading on Friday . The company traded as high as $24.87 and last traded at $24.85. 3,069,799 shares traded hands during trading, an increase of 98% from the average session volume of 1,548,040 shares. The stock had previously closed at $24.39.

ProShares Short Dow30 Trading Up 1.9%

The business has a 50-day simple moving average of $24.86 and a 200 day simple moving average of $26.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of ProShares Short Dow30 by 4.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,456 shares of the company’s stock worth $742,000 after buying an additional 1,142 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of ProShares Short Dow30 in the 1st quarter worth approximately $41,000. HighTower Advisors LLC purchased a new stake in shares of ProShares Short Dow30 in the 1st quarter worth approximately $4,530,000. Simplex Trading LLC purchased a new stake in shares of ProShares Short Dow30 in the 1st quarter worth approximately $284,000. Finally, Fox Hill Wealth Management grew its stake in shares of ProShares Short Dow30 by 16.1% in the 1st quarter. Fox Hill Wealth Management now owns 17,916 shares of the company’s stock worth $484,000 after buying an additional 2,490 shares during the last quarter.

About ProShares Short Dow30

ProShares Short Dow30 (the Fund), formerly Short Dow30 ProShares, seeks daily investment results that correspond to the inverse daily performance of the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. The DJIA includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies.