Kovack Advisors Inc. Takes $717,000 Position in ProShares Short Dow30 (NYSEARCA:DOG)

Kovack Advisors Inc. bought a new stake in shares of ProShares Short Dow30 (NYSEARCA:DOG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,000 shares of the company’s stock, valued at approximately $717,000. Kovack Advisors Inc. owned about 0.42% of ProShares Short Dow30 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DOG. IHT Wealth Management LLC bought a new stake in shares of ProShares Short Dow30 in the 3rd quarter worth $222,000. Jane Street Group LLC purchased a new position in ProShares Short Dow30 during the third quarter worth about $275,000. Maltin Wealth Management Inc. purchased a new position in ProShares Short Dow30 during the fourth quarter worth about $252,000. Finally, Sugar Maple Asset Management LLC bought a new stake in ProShares Short Dow30 in the 4th quarter worth about $1,619,000.

ProShares Short Dow30 Price Performance

ProShares Short Dow30 stock opened at $26.35 on Friday. ProShares Short Dow30 has a 52 week low of $25.21 and a 52 week high of $30.06. The company’s 50 day moving average price is $25.98 and its two-hundred day moving average price is $26.55.

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.