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 May 10, 2024, SDOW stock price declined to $16.25 with 10,315,455 million shares trading.

SDOW has a beta of -2.28, meaning it tends to be less sensitive to market movements. SDOW has a correlation of 0.71 to the broad based SPY ETF.

SDOW has a market cap of $296.44 million. This is considered a Small Cap stock.

In the last 3 years, SDOW stock traded as high as $44.05 and as low as $15.58.

SDOW has underperformed the market in the last year with a price return of -33.2% while the SPY ETF gained +27.8%. SDOW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.6% and -9.1%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

SDOW support price is $15.98 and resistance is $16.78 (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 stock will trade within this expected range on the day.