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

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) was the target of some unusual options trading on Monday. Traders purchased 18,965 put options on the stock. This is an increase of 134% compared to the average volume of 8,094 put options.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of ProShares UltraPro Short S&P 500 by 18.7% in the second quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after acquiring an additional 975 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in ProShares UltraPro Short S&P 500 during the third quarter worth approximately $27,000. Parallel Advisors LLC acquired a new stake in ProShares UltraPro Short S&P 500 in the second quarter worth approximately $46,000. Optiver Holding B.V. acquired a new stake in ProShares UltraPro Short S&P 500 in the third quarter worth approximately $38,000. Finally, SBI Securities Co. Ltd. boosted its stake in ProShares UltraPro Short S&P 500 by 620.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 4,129 shares in the last quarter.

ProShares UltraPro Short S&P 500 Stock Performance

SPXU traded up $0.15 during trading hours on Monday, hitting $51.11. 2,440,877 shares of the stock were exchanged, compared to its average volume of 5,556,885. The stock has a 50-day simple moving average of $52.34 and a 200-day simple moving average of $59.99. ProShares UltraPro Short S&P 500 has a 12 month low of $48.88 and a 12 month high of $153.00.

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.