Traders Buy Large Volume of ProShares UltraShort S&P500 Call Options (NYSEARCA:SDS)

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the recipient of unusually large options trading on Monday. Traders acquired 7,339 call options on the stock. This represents an increase of 162% compared to the typical volume of 2,800 call options.

ProShares UltraShort S&P500 Stock Down 1.9 %

Shares of SDS traded down $0.42 during trading hours on Monday, reaching $22.04. 11,925,397 shares of the company traded hands, compared to its average volume of 12,509,423. ProShares UltraShort S&P500 has a 1-year low of $18.14 and a 1-year high of $28.31. The stock’s fifty day moving average is $20.84 and its 200 day moving average is $20.04.

ProShares UltraShort S&P500 Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.2335 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Trading of ProShares UltraShort S&P500

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Financial Group grew its position in shares of ProShares UltraShort S&P500 by 82.5% during the 1st quarter. Beacon Financial Group now owns 18,250 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 8,250 shares during the period. Juncture Wealth Strategies LLC bought a new position in shares of ProShares UltraShort S&P500 during the first quarter worth $3,177,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of ProShares UltraShort S&P500 in the 1st quarter valued at $3,698,000. Vance Wealth LLC bought a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter valued at $429,000. Finally, Southport Management L.L.C. lifted its holdings in ProShares UltraShort S&P500 by 55.6% during the fourth quarter. Southport Management L.L.C. now owns 70,000 shares of the real estate investment trust’s stock worth $1,377,000 after acquiring an additional 25,000 shares in the last quarter.

About ProShares UltraShort S&P500

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.