ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Share Price Pass Above 200 Day Moving Average – What’s Next?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.49 and traded as high as $53.93. ProShares UltraPro Short Dow30 shares last traded at $53.77, with a volume of 3,099,280 shares traded.

ProShares UltraPro Short Dow30 Trading Up 5.3 %

The company has a fifty day simple moving average of $48.10 and a two-hundred day simple moving average of $49.49.

ProShares UltraPro Short Dow30 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be paid a $0.6141 dividend. The ex-dividend date of this dividend is Wednesday, March 26th.

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Large investors have recently added to or reduced their stakes in the stock. Integrated Advisors Network LLC acquired a new position in ProShares UltraPro Short Dow30 during the 4th quarter worth $218,000. Waverly Advisors LLC acquired a new position in shares of ProShares UltraPro Short Dow30 during the 4th quarter worth about $431,000. Squarepoint Ops LLC bought a new stake in ProShares UltraPro Short Dow30 during the 4th quarter valued at approximately $3,276,000. BNP Paribas Financial Markets acquired a new stake in ProShares UltraPro Short Dow30 in the 4th quarter valued at approximately $39,000. Finally, Tower Research Capital LLC TRC increased its position in ProShares UltraPro Short Dow30 by 225,955.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 20,345 shares of the exchange traded fund’s stock worth $1,031,000 after buying an additional 20,336 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.