Stock Traders Purchase Large Volume of ProShares UltraPro Short S&P 500 Put Options (NYSEARCA:SPXU)

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) was the target of unusually large options trading activity on Thursday. Investors bought 32,754 put options on the stock. This is an increase of approximately 336% compared to the average daily volume of 7,509 put options.

ProShares UltraPro Short S&P 500 Price Performance

ProShares UltraPro Short S&P 500 stock opened at $14.00 on Friday. ProShares UltraPro Short S&P 500 has a twelve month low of $13.83 and a twelve month high of $38.25. The company’s 50-day moving average price is $15.35 and its two-hundred day moving average price is $19.99.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in shares of ProShares UltraPro Short S&P 500 in the first quarter valued at about $17,505,000. Cadent Capital Advisors LLC boosted its holdings in ProShares UltraPro Short S&P 500 by 4.4% in the 1st quarter. Cadent Capital Advisors LLC now owns 527,078 shares of the exchange traded fund’s stock valued at $13,456,000 after purchasing an additional 21,997 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth approximately $6,548,000. Kovitz Investment Group Partners LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth approximately $5,441,000. Finally, GTS Securities LLC increased its holdings in shares of ProShares UltraPro Short S&P 500 by 2,456.3% during the fourth quarter. GTS Securities LLC now owns 193,203 shares of the exchange traded fund’s stock worth $4,362,000 after purchasing an additional 185,645 shares during the period.

About ProShares UltraPro Short S&P 500

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.