ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Shares Cross Above Two Hundred Day Moving Average of $41.21

Shares of ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.21 and traded as high as $45.30. ProShares UltraPro Short Dow30 shares last traded at $45.12, with a volume of 16,748 shares trading hands.

The stock’s 50 day moving average price is $46.68 and its 200 day moving average price is $41.21.

The firm also recently announced a — dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Thursday, September 26th were paid a $0.2303 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 25th.

Hedge funds have recently modified their holdings of the company. Institutional & Family Asset Management LLC purchased a new stake in ProShares UltraPro Short Dow30 during the 2nd quarter worth $63,000. Bank of Montreal Can purchased a new stake in ProShares UltraPro Short Dow30 during the 2nd quarter worth $310,000. Renaissance Technologies LLC purchased a new stake in ProShares UltraPro Short Dow30 during the 2nd quarter worth $1,002,000. Finally, Tuttle Tactical Management purchased a new stake in ProShares UltraPro Short Dow30 during the 3rd quarter worth $1,128,000.

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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