Stock Traders Buy High 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. Stock traders purchased 18,965 put options on the company. This is an increase of approximately 134% compared to the average volume of 8,094 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPXU. TD Waterhouse Canada Inc. purchased a new stake in ProShares UltraPro Short S&P 500 in the third quarter worth $27,000. Optiver Holding B.V. purchased a new position in shares of ProShares UltraPro Short S&P 500 during the third quarter worth approximately $38,000. Parallel Advisors LLC bought a new position in ProShares UltraPro Short S&P 500 in the second quarter worth approximately $46,000. SBI Securities Co. Ltd. increased its holdings in ProShares UltraPro Short S&P 500 by 620.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 4,129 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in ProShares UltraPro Short S&P 500 by 18.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 975 shares in the last quarter.

ProShares UltraPro Short S&P 500 Price Performance

Shares of NYSEARCA:SPXU opened at $51.66 on Wednesday. The firm has a fifty day simple moving average of $52.27 and a two-hundred day simple moving average of $59.61. ProShares UltraPro Short S&P 500 has a 52 week low of $48.88 and a 52 week high of $153.00.

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.