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

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) saw some unusual options trading on Monday. Stock traders acquired 18,965 put options on the stock. This represents an increase of 134% compared to the typical daily volume of 8,094 put options.

ProShares UltraPro Short S&P 500 Trading Up 0.5%

SPXU opened at $51.22 on Tuesday. The stock has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $59.80. ProShares UltraPro Short S&P 500 has a 12-month low of $48.88 and a 12-month high of $153.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC bought a new position in shares of ProShares UltraPro Short S&P 500 during the second quarter valued at approximately $46,000. GW Henssler & Associates Ltd. grew its stake in shares of ProShares UltraPro Short S&P 500 by 31.5% in the 1st quarter. GW Henssler & Associates Ltd. now owns 48,185 shares of the exchange traded fund’s stock worth $1,230,000 after buying an additional 11,553 shares during the last quarter. Beacon Financial Group purchased a new stake in shares of ProShares UltraPro Short S&P 500 in the 2nd quarter worth approximately $371,000. Kovitz Investment Group Partners LLC bought a new position in ProShares UltraPro Short S&P 500 during the 1st quarter valued at approximately $5,441,000. Finally, DRW Securities LLC purchased a new position in ProShares UltraPro Short S&P 500 during the first quarter valued at $929,000.

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.