Sugar Maple Asset Management LLC Acquires Shares of 90,000 ProShares Short Dow30 $DOG

Sugar Maple Asset Management LLC acquired a new stake in ProShares Short Dow30 (NYSEARCA:DOG) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 90,000 shares of the company’s stock, valued at approximately $2,114,000. ProShares Short Dow30 accounts for about 1.4% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of ProShares Short Dow30 by 11,700.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,180 shares of the company’s stock valued at $30,000 after purchasing an additional 1,170 shares during the last quarter. Headlands Technologies LLC bought a new stake in ProShares Short Dow30 in the second quarter worth $33,000. BNP Paribas Financial Markets bought a new stake in ProShares Short Dow30 in the third quarter worth $74,000. Kovack Advisors Inc. boosted its stake in ProShares Short Dow30 by 14.6% during the third quarter. Kovack Advisors Inc. now owns 30,950 shares of the company’s stock worth $753,000 after buying an additional 3,950 shares during the period. Finally, Cibc World Market Inc. boosted its stake in ProShares Short Dow30 by 11.6% during the third quarter. Cibc World Market Inc. now owns 93,550 shares of the company’s stock worth $2,277,000 after buying an additional 9,730 shares during the period.

ProShares Short Dow30 Stock Performance

DOG stock opened at $24.35 on Friday. ProShares Short Dow30 has a twelve month low of $22.43 and a twelve month high of $30.81. The firm’s fifty day simple moving average is $23.59 and its two-hundred day simple moving average is $23.76.

ProShares Short Dow30 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a dividend of $0.1046 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.7%.

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.