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

ProShares UltraPro Short Dow30 seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average Index.

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

As of January 6, 2025, SDOW stock price climbed to $50.16 with 1,849,284 million shares trading.

SDOW has a beta of -2.08, meaning it tends to be less sensitive to market movements. SDOW has a correlation of 0.59 to the broad based SPY ETF.

SDOW has a market cap of $230.61 million. This is considered a Small Cap stock.

In the last 3 years, SDOW traded as high as $176.20 and as low as $43.44.

SDOW has underperformed the market in the last year with a return of -29.1%, while the SPY ETF gained +28.7%. In the last 3 month period, SDOW fell short of the market, returning -4.1%, while SPY returned +4.2%. However, in the most recent 2 weeks SDOW has outperformed the stock market by returning +1.7%, while SPY returned +0.1%.

SDOW support price is $48.87 and resistance is $51.39 (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 SDOW shares will trade within this expected range on the day.