ProShares UltraPro Short S&P 500 Target of Unusually High Options Trading (NYSEARCA:SPXU)

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) saw some unusual options trading on Monday. Stock traders acquired 6,848 put options on the stock. This is an increase of 61% compared to the typical volume of 4,253 put options.

Institutional Investors Weigh In On ProShares UltraPro Short S&P 500

Hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new position in ProShares UltraPro Short S&P 500 in the 3rd quarter valued at approximately $11,702,000. Sollinda Capital Management LLC purchased a new stake in shares of ProShares UltraPro Short S&P 500 during the third quarter worth $9,177,000. Axxcess Wealth Management LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the third quarter valued at $7,814,000. Ridgepath Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 in the third quarter valued at $7,814,000. Finally, JPMorgan Chase & Co. boosted its holdings in ProShares UltraPro Short S&P 500 by 16,249.3% in the third quarter. JPMorgan Chase & Co. now owns 322,244 shares of the exchange traded fund’s stock valued at $4,354,000 after purchasing an additional 320,273 shares during the period.

ProShares UltraPro Short S&P 500 Trading Up 1.0%

Shares of NYSEARCA:SPXU opened at $62.06 on Tuesday. ProShares UltraPro Short S&P 500 has a 1 year low of $46.65 and a 1 year high of $153.00. The firm’s 50-day moving average is $51.07 and its two-hundred day moving average is $51.60.

ProShares UltraPro Short S&P 500 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a $0.4452 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 2.9%.

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.