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

Shares of ProShares Short Dow30 (NYSEARCA:DOG) passed 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 Stock Performance

The stock’s 50 day moving average is $21.80 and its two-hundred day moving average is $22.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC lifted its position in ProShares Short Dow30 by 3,260.9% during the 1st quarter. Group One Trading LLC now owns 1,546 shares of the company’s stock worth $38,000 after acquiring an additional 1,500 shares during the period. Maltin Wealth Management Inc. acquired a new position in shares of ProShares Short Dow30 in the third quarter valued at approximately $405,000. IMC Chicago LLC purchased a new stake in shares of ProShares Short Dow30 during the first quarter worth approximately $544,000. Squarepoint Ops LLC purchased a new stake in shares of ProShares Short Dow30 during the second quarter worth approximately $863,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of ProShares Short Dow30 during the first quarter worth approximately $2,090,000.

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.