ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Gap Up to $55.39

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares gapped up prior to trading on Thursday . The stock had previously closed at $57.62, but opened at $55.39. ProShares UltraPro Short Dow30 shares last traded at $54.82, with a volume of 36,610 shares trading hands.

The firm’s fifty day moving average is $48.59 and its 200 day moving average is $29.63.

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in ProShares UltraPro Short Dow30 in the second quarter valued at $310,000. Renaissance Technologies LLC acquired a new stake in ProShares UltraPro Short Dow30 during the 2nd quarter valued at $1,002,000. Finally, Institutional & Family Asset Management LLC acquired a new stake in ProShares UltraPro Short Dow30 during the 2nd quarter valued at $63,000.

About ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)

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.

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