ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Share Price Pass Above Two Hundred Day Moving Average – Time to Sell?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares passed 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 Stock Up 5.3 %

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

ProShares UltraPro Short Dow30 Cuts Dividend

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

Institutional Trading of ProShares UltraPro Short Dow30

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDOW. JPMorgan Chase & Co. increased its stake in ProShares UltraPro Short Dow30 by 19.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,280 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 543 shares in the last quarter. Werba Rubin Papier Wealth Management purchased a new position in shares of ProShares UltraPro Short Dow30 in the fourth quarter worth approximately $344,000. BNP Paribas Financial Markets acquired a new stake in shares of ProShares UltraPro Short Dow30 during the fourth quarter valued at approximately $39,000. Integrated Advisors Network LLC purchased a new stake in shares of ProShares UltraPro Short Dow30 in the 4th quarter valued at approximately $218,000. Finally, Squarepoint Ops LLC acquired a new position in ProShares UltraPro Short Dow30 in the 4th quarter worth approximately $3,276,000.

ProShares UltraPro Short Dow30 Company Profile

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.