ProShares Short Dow30 (NYSEARCA:DOG) Stock Price Cross Below 200-Day Moving Average – Should You Sell?

Shares of ProShares Short Dow30 (NYSEARCA:DOG) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.87 and traded as low as $25.44. ProShares Short Dow30 shares last traded at $25.47, with a volume of 1,342,780 shares traded.

ProShares Short Dow30 Stock Performance

The business has a 50-day moving average price of $26.56 and a 200-day moving average price of $27.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DOG. Kingswood Wealth Advisors LLC boosted its position in ProShares Short Dow30 by 4.1% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,515 shares of the company’s stock valued at $275,000 after acquiring an additional 375 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in ProShares Short Dow30 during the second quarter valued at about $365,000. Squarepoint Ops LLC purchased a new position in ProShares Short Dow30 in the second quarter valued at about $344,000. Atomi Financial Group Inc. grew its stake in ProShares Short Dow30 by 3.2% in the third quarter. Atomi Financial Group Inc. now owns 16,652 shares of the company’s stock valued at $446,000 after purchasing an additional 509 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new position in ProShares Short Dow30 in the third quarter worth about $690,000.

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.