Investors Purchase Large Volume of Call Options on ProShares UltraPro Short Dow30 (NYSEARCA:SDOW)

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) saw unusually large options trading on Tuesday. Stock investors purchased 3,783 call options on the company. This represents an increase of 184% compared to the average daily volume of 1,334 call options.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in shares of ProShares UltraPro Short Dow30 in the 2nd quarter worth approximately $1,390,000. Group One Trading LLC boosted its stake in shares of ProShares UltraPro Short Dow30 by 335.7% in the 1st quarter. Group One Trading LLC now owns 58,829 shares of the exchange traded fund’s stock valued at $2,071,000 after purchasing an additional 45,328 shares during the last quarter. IMC Chicago LLC boosted its stake in shares of ProShares UltraPro Short Dow30 by 32.5% in the 1st quarter. IMC Chicago LLC now owns 140,711 shares of the exchange traded fund’s stock valued at $4,954,000 after purchasing an additional 34,501 shares during the last quarter. Capstone Capital Management Ltd acquired a new stake in shares of ProShares UltraPro Short Dow30 during the first quarter worth $436,000. Finally, Parallel Advisors LLC increased its position in shares of ProShares UltraPro Short Dow30 by 261.9% during the first quarter. Parallel Advisors LLC now owns 1,737 shares of the exchange traded fund’s stock worth $61,000 after buying an additional 1,257 shares during the period.

ProShares UltraPro Short Dow30 Price Performance

Shares of ProShares UltraPro Short Dow30 stock traded down $0.72 during midday trading on Tuesday, reaching $23.94. The company had a trading volume of 2,266,341 shares, compared to its average volume of 5,145,600. The stock has a fifty day moving average price of $24.11 and a 200 day moving average price of $25.86. ProShares UltraPro Short Dow30 has a fifty-two week low of $21.13 and a fifty-two week high of $38.37.

About ProShares UltraPro Short Dow30

ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies. The Fund invests in financial instruments whose value is derived from the value of an underlying asset, interest rate or index.