Traders Purchase Large Volume of Put Options on ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU)

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) saw some unusual options trading activity on Monday. Traders bought 18,965 put options on the company. This is an increase of approximately 134% compared to the typical volume of 8,094 put options.

ProShares UltraPro Short S&P 500 Price Performance

Shares of SPXU traded up $0.15 during mid-day trading on Monday, hitting $51.11. The company had a trading volume of 2,440,877 shares, compared to its average volume of 5,556,885. ProShares UltraPro Short S&P 500 has a 1-year low of $48.88 and a 1-year high of $153.00. The business’s 50-day simple moving average is $52.34 and its 200-day simple moving average is $59.99.

Hedge Funds Weigh In On ProShares UltraPro Short S&P 500

A number of hedge funds have recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC acquired a new stake in shares of ProShares UltraPro Short S&P 500 during the 1st quarter worth $5,441,000. Flow Traders U.S. LLC acquired a new stake in ProShares UltraPro Short S&P 500 during the first quarter worth about $840,000. Jump Financial LLC purchased a new position in shares of ProShares UltraPro Short S&P 500 in the 1st quarter worth about $17,505,000. DRW Securities LLC acquired a new position in shares of ProShares UltraPro Short S&P 500 in the 1st quarter valued at about $929,000. Finally, GW Henssler & Associates Ltd. lifted its stake in shares of ProShares UltraPro Short S&P 500 by 31.5% in the 1st quarter. GW Henssler & Associates Ltd. now owns 48,185 shares of the exchange traded fund’s stock valued at $1,230,000 after purchasing an additional 11,553 shares in the last quarter.

ProShares UltraPro Short S&P 500 Company Profile

The Fund seeks daily investment results that correspond to triple the inverse of the daily performance of the Index. The Fund invests in derivatives that it believes should have similar daily return characteristics as triple the inverse of the daily performance of the Index.