ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Stock Price Pass Above Two Hundred Day Moving Average – Should You Sell?

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.78 and traded as high as $62.75. ProShares UltraPro Short Dow30 shares last traded at $58.16, with a volume of 15,985,425 shares traded.

ProShares UltraPro Short Dow30 Stock Down 4.5 %

The stock has a fifty day moving average of $51.63 and a 200-day moving average of $49.80.

ProShares UltraPro Short Dow30 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.6141 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On ProShares UltraPro Short Dow30

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SDOW. BNP Paribas Financial Markets purchased a new stake 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 valued at $43,000 after buying an additional 543 shares during the last quarter. XTX Topco Ltd purchased a new stake in ProShares UltraPro Short Dow30 in the third quarter valued at approximately $137,000. Integrated Advisors Network LLC acquired a new stake in shares of ProShares UltraPro Short Dow30 in the fourth quarter valued at approximately $218,000. Finally, Werba Rubin Papier Wealth Management purchased a new position in shares of ProShares UltraPro Short Dow30 during the fourth quarter worth approximately $344,000.

About ProShares UltraPro Short Dow30

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.