Investors Buy Large Volume of Put Options on Tradr 2X Long ASTS Daily ETF (BATS:ASTX)

Tradr 2X Long ASTS Daily ETF (BATS:ASTX) was the target of some unusual options trading on Wednesday. Traders purchased 2,837 put options on the company. This represents an increase of 121% compared to the average daily volume of 1,286 put options.

Tradr 2X Long ASTS Daily ETF Price Performance

Shares of ASTX stock traded up $2.94 during trading hours on Wednesday, reaching $47.67. The company had a trading volume of 908,349 shares, compared to its average volume of 2,164,705. The stock has a fifty day simple moving average of $51.71. Tradr 2X Long ASTS Daily ETF has a 12-month low of $15.03 and a 12-month high of $114.18.

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.