Traders Buy High Volume of ProShares UltraPro Short S&P 500 Call Options (NYSEARCA:SPXU)

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) was the recipient of some unusual options trading activity on Friday. Stock investors bought 44,477 call options on the stock. This is an increase of 73% compared to the average daily volume of 25,753 call options.

Hedge Funds Weigh In On ProShares UltraPro Short S&P 500

Hedge funds and other institutional investors have recently modified their holdings of the company. Formidable Asset Management LLC raised its stake in ProShares UltraPro Short S&P 500 by 9.0% in the first quarter. Formidable Asset Management LLC now owns 15,125 shares of the exchange traded fund’s stock worth $204,000 after buying an additional 1,245 shares in the last quarter. IPG Investment Advisors LLC raised its stake in ProShares UltraPro Short S&P 500 by 31.3% in the first quarter. IPG Investment Advisors LLC now owns 21,000 shares of the exchange traded fund’s stock worth $283,000 after buying an additional 5,000 shares in the last quarter. Altfest L J & Co. Inc. raised its stake in ProShares UltraPro Short S&P 500 by 100.7% in the first quarter. Altfest L J & Co. Inc. now owns 99,476 shares of the exchange traded fund’s stock worth $1,341,000 after buying an additional 49,905 shares in the last quarter. GW Henssler & Associates Ltd. raised its stake in ProShares UltraPro Short S&P 500 by 17.7% in the first quarter. GW Henssler & Associates Ltd. now owns 99,543 shares of the exchange traded fund’s stock worth $1,342,000 after buying an additional 14,955 shares in the last quarter. Finally, Simplex Trading LLC raised its stake in ProShares UltraPro Short S&P 500 by 926.5% in the first quarter. Simplex Trading LLC now owns 178,690 shares of the exchange traded fund’s stock worth $2,408,000 after buying an additional 161,282 shares in the last quarter.

ProShares UltraPro Short S&P 500 Stock Down 0.4 %

Shares of NYSEARCA:SPXU opened at $10.75 on Friday. The company has a 50-day moving average price of $10.53 and a 200-day moving average price of $12.41. ProShares UltraPro Short S&P 500 has a 12 month low of $9.66 and a 12 month high of $23.86.

ProShares UltraPro Short S&P 500 Company Profile

The Fund seeks daily investment results that correspond to triple the inverse of the daily performance of the Index. The Fund invests in derivatives that it believes should have similar daily return characteristics as triple the inverse of the daily performance of the Index.