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

ProShares UltraPro Short S&P 500 (NYSEARCA:SPXU) saw some unusual options trading on Monday. Stock investors acquired 6,848 put options on the stock. This represents an increase of 61% compared to the typical volume of 4,253 put options.

ProShares UltraPro Short S&P 500 Trading Up 0.3%

NYSEARCA:SPXU traded up $0.19 during midday trading on Monday, reaching $61.61. 5,095,280 shares of the stock traded hands, compared to its average volume of 7,582,676. The company has a fifty day moving average of $50.78 and a 200 day moving average of $51.57. ProShares UltraPro Short S&P 500 has a 12 month low of $46.65 and a 12 month high of $153.00.

ProShares UltraPro Short S&P 500 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be paid a dividend of $0.4452 per share. This represents a $1.78 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, March 25th.

Institutional Trading of ProShares UltraPro Short S&P 500

Several large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. bought a new position in ProShares UltraPro Short S&P 500 in the third quarter worth $27,000. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro Short S&P 500 during the 3rd quarter valued at $38,000. SBI Securities Co. Ltd. grew its position in shares of ProShares UltraPro Short S&P 500 by 620.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,795 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 4,129 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of ProShares UltraPro Short S&P 500 by 18.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,200 shares of the exchange traded fund’s stock worth $104,000 after buying an additional 975 shares during the period. Finally, Fortitude Advisory Group L.L.C. bought a new position in shares of ProShares UltraPro Short S&P 500 in the 3rd quarter worth about $157,000.

About ProShares UltraPro Short S&P 500

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.