Stock Traders Buy Large Volume of ProShares UltraPro Short Dow30 Call Options (NYSEARCA:SDOW)

ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) was the target of unusually large options trading activity on Tuesday. Investors bought 3,135 call options on the company. This represents an increase of 129% compared to the average daily volume of 1,371 call options.

ProShares UltraPro Short Dow30 Price Performance

Shares of NYSEARCA SDOW opened at $30.64 on Thursday. ProShares UltraPro Short Dow30 has a fifty-two week low of $27.55 and a fifty-two week high of $75.95. The business has a 50-day simple moving average of $29.89 and a two-hundred day simple moving average of $33.41.

Hedge Funds Weigh In On ProShares UltraPro Short Dow30

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDOW. Squarepoint Ops LLC increased its stake in shares of ProShares UltraPro Short Dow30 by 0.5% in the 3rd quarter. Squarepoint Ops LLC now owns 81,210 shares of the exchange traded fund’s stock worth $2,902,000 after acquiring an additional 381 shares during the last quarter. Group One Trading LLC grew its holdings in shares of ProShares UltraPro Short Dow30 by 2.9% in the fourth quarter. Group One Trading LLC now owns 13,501 shares of the exchange traded fund’s stock valued at $431,000 after purchasing an additional 384 shares during the period. Game Plan Financial Advisors LLC acquired a new stake in ProShares UltraPro Short Dow30 during the third quarter worth about $36,000. XTX Topco Ltd raised its stake in ProShares UltraPro Short Dow30 by 10.8% during the fourth quarter. XTX Topco Ltd now owns 12,949 shares of the exchange traded fund’s stock worth $414,000 after purchasing an additional 1,262 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in ProShares UltraPro Short Dow30 by 164.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,815 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 1,751 shares during the last quarter.

ProShares UltraPro Short Dow30 Company Profile

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.