ProShares UltraPro Short Dow30 (NYSEARCA:SDOW) Stock Sees Heavy Call Option Buying

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

Institutional Inflows and Outflows

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

ProShares UltraPro Short Dow30 Price Performance

NYSEARCA SDOW traded down $0.72 during trading on Tuesday, reaching $23.94. 2,266,341 shares of the company’s stock were exchanged, compared to its average volume of 5,145,600. The business has a 50 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.

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.