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

ProShares UltraPro Short Dow30 (NYSEARCA:SDOWGet Rating) saw unusually large options trading activity on Wednesday. Traders purchased 9,799 call options on the company. This is an increase of approximately 54% compared to the average volume of 6,353 call options.

Hedge Funds Weigh In On ProShares UltraPro Short Dow30

Several large investors have recently added to or reduced their stakes in the company. Simplex Trading LLC increased its position in ProShares UltraPro Short Dow30 by 141.2% in the first quarter. Simplex Trading LLC now owns 45,979 shares of the exchange traded fund’s stock worth $1,298,000 after purchasing an additional 26,916 shares during the last quarter. Kingfisher Capital LLC purchased a new stake in shares of ProShares UltraPro Short Dow30 during the first quarter valued at $8,944,000. Captrust Financial Advisors purchased a new stake in shares of ProShares UltraPro Short Dow30 during the first quarter valued at $521,000. US Bancorp DE purchased a new stake in ProShares UltraPro Short Dow30 in the second quarter worth about $103,000. Finally, Ahrens Investment Partners LLC purchased a new stake in ProShares UltraPro Short Dow30 in the second quarter worth about $44,000.

ProShares UltraPro Short Dow30 Stock Down 0.8 %

Shares of NYSEARCA:SDOW opened at $24.81 on Friday. ProShares UltraPro Short Dow30 has a 1-year low of $24.67 and a 1-year high of $44.05. The firm’s 50 day simple moving average is $33.38 and its two-hundred day simple moving average is $33.36.

About ProShares UltraPro Short Dow30

(Get Rating)

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.

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