ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) shares gapped down before the market opened on Friday . The stock had previously closed at $17.05, but opened at $16.65. ProShares UltraPro Short Dow30 shares last traded at $15.97, with a volume of 5972626 shares trading hands.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 3rd. Investors of record on Thursday, December 27th were given a dividend of $0.1035 per share. This represents a $0.41 annualized dividend and a yield of 2.59%. This is a positive change from ProShares UltraPro Short Dow30’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, December 26th.
A number of large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in ProShares UltraPro Short Dow30 during the third quarter valued at $104,000. Virtu Financial LLC raised its position in ProShares UltraPro Short Dow30 by 408.0% during 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 during the period. Finally, Renaissance Technologies LLC acquired a new position in ProShares UltraPro Short Dow30 during the second quarter valued at $262,000.
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.
Recommended Story: Reverse Stock Split
Receive News & Ratings for ProShares UltraPro Short Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.