ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares gapped up before the market opened on Thursday . The stock had previously closed at $15.13, but opened at $16.05. ProShares UltraPro Short Dow30 shares last traded at $16.27, with a volume of 12582221 shares traded.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in shares of ProShares UltraPro Short Dow30 during the 3rd quarter worth $104,000. Renaissance Technologies LLC acquired a new stake in ProShares UltraPro Short Dow30 in the second quarter valued at about $262,000. Finally, Virtu Financial LLC boosted its stake in ProShares UltraPro Short Dow30 by 408.0% in the third quarter. Virtu Financial LLC now owns 71,045 shares of the exchange traded fund’s stock valued at $1,017,000 after buying an additional 57,060 shares in the last quarter.
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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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