ProShares Short Dow30 (NYSEARCA:DOG) Share Price Break Above 50-Day Moving Average – Here’s Why

Shares of ProShares Short Dow30 (NYSEARCA:DOG) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $21.80 and traded as high as $22.11. ProShares Short Dow30 shares last traded at $22.01, with a volume of 10,472,259 shares changing hands.

ProShares Short Dow30 Price Performance

The stock’s fifty day moving average is $21.80 and its two-hundred day moving average is $22.48.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Arkadios Wealth Advisors acquired a new stake in shares of ProShares Short Dow30 in the 1st quarter valued at $9,560,000. Renaissance Technologies LLC purchased a new position in shares of ProShares Short Dow30 during the 1st quarter valued at $2,090,000. Squarepoint Ops LLC bought a new stake in shares of ProShares Short Dow30 during the second quarter valued at about $863,000. IMC Chicago LLC purchased a new position in shares of ProShares Short Dow30 in the 1st quarter worth about $544,000. Finally, Maltin Wealth Management Inc. bought a new stake in shares of ProShares Short Dow30 in the 3rd quarter valued at about $405,000.

About ProShares Short Dow30

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.