Traders Buy High Volume of Tradr 2X Long ASTS Daily ETF Put Options (BATS:ASTX)

Tradr 2X Long ASTS Daily ETF (BATS:ASTX) saw unusually large options trading activity on Thursday. Stock traders purchased 4,110 put options on the stock. This is an increase of 57% compared to the average daily volume of 2,620 put options.

Tradr 2X Long ASTS Daily ETF Stock Performance

Shares of ASTX stock traded down $4.56 on Thursday, hitting $22.85. The stock had a trading volume of 4,733,711 shares, compared to its average volume of 3,950,629. Tradr 2X Long ASTS Daily ETF has a one year low of $15.03 and a one year high of $114.18. The business has a 50 day moving average price of $37.59 and a 200 day moving average price of $47.73.

Tradr 2X Long ASTS Daily ETF (CBOE: ASTX) is an exchange-traded fund that provides leveraged exposure tied to the performance of the security identified by the ticker ASTS. Listed on the Cboe BZX Exchange under the ASTX symbol and marketed under the Tradr name, the fund is designed to deliver approximately twice (2x) the daily performance of its referenced underlying security before fees and expenses. As with other single?security leveraged ETFs, its objective is daily amplification of returns rather than long?term replication of an index.

The fund achieves its objective through the use of investment techniques commonly employed by leveraged products, which may include derivatives such as swaps, futures contracts and other instruments to obtain the targeted multiple of daily returns.