ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Gap Up to $41.39

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares gapped up prior to trading on Tuesday . The stock had previously closed at $40.04, but opened at $41.39. ProShares UltraPro Short Dow30 shares last traded at $42.70, with a volume of 2,158,043 shares traded.

The company has a 50-day moving average of $43.07 and a 200 day moving average of $46.89.

Several large investors have recently modified their holdings of SDOW. Weaver Consulting Group bought a new position in shares of ProShares UltraPro Short Dow30 in the third quarter valued at approximately $35,000. Tower Research Capital LLC TRC boosted its stake in ProShares UltraPro Short Dow30 by 53.8% in the third quarter. Tower Research Capital LLC TRC now owns 41,727 shares of the exchange traded fund’s stock worth $1,926,000 after purchasing an additional 14,605 shares in the last quarter. SG Americas Securities LLC acquired a new position in ProShares UltraPro Short Dow30 in the third quarter worth $332,000. Tuttle Tactical Management acquired a new position in ProShares UltraPro Short Dow30 in the third quarter worth $1,128,000. Finally, Institutional & Family Asset Management LLC bought a new stake in shares of ProShares UltraPro Short Dow30 during the second quarter worth $63,000.

ProShares UltraPro Short Dow30 Company Profile (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.

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