ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Share Price Pass Above 200-Day Moving Average – Should You Sell?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) 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 trading hands.

ProShares UltraPro Short Dow30 Stock Up 5.3 %

The stock has a 50 day moving average price of $48.10 and a two-hundred day moving average price of $49.42.

ProShares UltraPro Short Dow30 Cuts Dividend

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

Institutional Investors Weigh In On ProShares UltraPro Short Dow30

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new position in shares of ProShares UltraPro Short Dow30 in the 4th quarter valued at about $39,000. JPMorgan Chase & Co. lifted its stake in ProShares UltraPro Short Dow30 by 19.8% in the third quarter. JPMorgan Chase & Co. now owns 3,280 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 543 shares during the last quarter. XTX Topco Ltd purchased a new position in ProShares UltraPro Short Dow30 in the third quarter worth approximately $137,000. Integrated Advisors Network LLC acquired a new position in ProShares UltraPro Short Dow30 during the 4th quarter worth approximately $218,000. Finally, Werba Rubin Papier Wealth Management purchased a new stake in shares of ProShares UltraPro Short Dow30 in the 4th quarter valued at approximately $344,000.

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.