ProShares Short Dow30 (NYSEARCA:DOG – Get Free Report)’s share price crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $21.87 and traded as low as $21.66. ProShares Short Dow30 shares last traded at $21.73, with a volume of 7,871,035 shares.
ProShares Short Dow30 Trading Down 2.2%
The stock’s fifty day moving average price is $21.87 and its 200 day moving average price is $22.45.
Hedge Funds Weigh In On ProShares Short Dow30
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC grew its stake in shares of ProShares Short Dow30 by 3,260.9% during the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock valued at $38,000 after purchasing an additional 1,500 shares during the period. StoneX Group Inc. purchased a new stake in shares of ProShares Short Dow30 during the 3rd quarter valued at about $228,000. Simplex Trading LLC bought a new position in shares of ProShares Short Dow30 in the 3rd quarter worth approximately $275,000. Maltin Wealth Management Inc. bought a new position in shares of ProShares Short Dow30 in the 3rd quarter worth approximately $405,000. Finally, IMC Chicago LLC purchased a new position in shares of ProShares Short Dow30 in the first quarter worth approximately $544,000.
ProShares Short Dow30 Company Profile
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. Components are selected through a discretionary process with no pre-determined criteria except that components should be established United States companies.
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