DOG Stock Summary and Trading Ideas (ProShares Short Dow30 | ARCA:DOG)

ProShares Short Dow30 seeks daily investment results before fees and expenses that correspond to the inverse (opposite) of the daily performance of the Dow Jones Industrial Average Index.

ProShares Short Dow30 trades on the ARCA stock market under the symbol DOG.

As of May 1, 2024, DOG stock price declined to $29.91 with 1,435,819 million shares trading.

DOG has a beta of -0.75, meaning it tends to be less sensitive to market movements. DOG has a correlation of 0.70 to the broad based SPY ETF.

DOG has a market cap of $186.15 million. This is considered a Micro Cap stock.

In the last 3 years, DOG stock traded as high as $38.66 and as low as $28.19.

DOG has underperformed the market in the last year with a price return of -4.1% while the SPY ETF gained +22.0%. However, in the short term, DOG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +3.2% vs +2.6% return in SPY. But in the last 2 weeks, DOG shares have been beat by the market, returning -0.1% compared to an SPY return of 0.0%.

DOG support price is $29.72 and resistance is $30.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DOG stock will trade within this expected range on the day.