ProShares UltraPro Dow30 Sees Unusually Large Options Volume (NYSEARCA:UDOW)

ProShares UltraPro Dow30 (NYSEARCA:UDOW) saw unusually large options trading activity on Tuesday. Stock traders acquired 3,478 call options on the company. This is an increase of 114% compared to the average daily volume of 1,623 call options.

Institutional Trading of ProShares UltraPro Dow30

A number of hedge funds have recently added to or reduced their stakes in the business. Spectrum Financial Alliance Ltd LLC raised its holdings in ProShares UltraPro Dow30 by 150.5% in the first quarter. Spectrum Financial Alliance Ltd LLC now owns 88,732 shares of the company’s stock worth $4,453,000 after purchasing an additional 53,304 shares in the last quarter. Jump Financial LLC bought a new position in ProShares UltraPro Dow30 in the fourth quarter worth about $2,751,000. Squarepoint Ops LLC bought a new position in ProShares UltraPro Dow30 in the fourth quarter worth about $2,533,000. Quadrature Capital Ltd bought a new position in ProShares UltraPro Dow30 in the third quarter worth about $3,456,000. Finally, FNY Investment Advisers LLC bought a new position in ProShares UltraPro Dow30 in the fourth quarter worth about $1,546,000.

ProShares UltraPro Dow30 Stock Down 1.4%

NYSEARCA:UDOW traded down $0.85 during mid-day trading on Tuesday, reaching $60.08. The company’s stock had a trading volume of 1,495,035 shares, compared to its average volume of 4,331,511. ProShares UltraPro Dow30 has a 1 year low of $39.56 and a 1 year high of $66.21. The stock has a fifty day moving average of $55.60 and a 200-day moving average of $57.95. The firm has a market capitalization of $796.05 million, a PE ratio of 20.47 and a beta of 2.62.

ProShares UltraPro Dow30 Company Profile

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.