ProShares UltraPro Dow30 Sees Unusually Large Options Volume (NYSEARCA:UDOW)

ProShares UltraPro Dow30 (NYSEARCA:UDOW) was the target of unusually large options trading activity on Tuesday. Investors bought 3,478 call options on the company. This represents an increase of 114% compared to the average daily volume of 1,623 call options.

ProShares UltraPro Dow30 Price Performance

ProShares UltraPro Dow30 stock traded down $0.85 during trading hours on Tuesday, reaching $60.08. The stock had a trading volume of 1,495,035 shares, compared to its average volume of 4,331,511. The company has a market cap of $796.05 million, a price-to-earnings ratio of 20.47 and a beta of 2.62. The business’s 50 day moving average price is $55.60 and its 200-day moving average price is $57.95. ProShares UltraPro Dow30 has a 52 week low of $39.56 and a 52 week high of $66.21.

Hedge Funds Weigh In On ProShares UltraPro Dow30

A number of large investors have recently added to or reduced their stakes in the company. Spectrum Financial Alliance Ltd LLC raised its holdings in ProShares UltraPro Dow30 by 150.5% in the first quarter. Spectrum Financial Alliance Ltd LLC now owns 88,732 shares of the company’s stock worth $4,453,000 after purchasing an additional 53,304 shares in the last quarter. IMC Chicago LLC increased its holdings in shares of ProShares UltraPro Dow30 by 37.6% during the fourth quarter. IMC Chicago LLC now owns 62,249 shares of the company’s stock valued at $3,605,000 after acquiring an additional 17,023 shares in the last quarter. Jump Financial LLC acquired a new position in shares of ProShares UltraPro Dow30 during the fourth quarter valued at about $2,751,000. Encompass More Asset Management increased its holdings in shares of ProShares UltraPro Dow30 by 40.0% during the fourth quarter. Encompass More Asset Management now owns 45,130 shares of the company’s stock valued at $2,613,000 after acquiring an additional 12,895 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of ProShares UltraPro Dow30 during the fourth quarter valued at about $2,533,000.

ProShares UltraPro Dow30 Company Profile

ProShares UltraPro Dow30 seeks daily investment results, before fees and expenses, that correspond to triple (300%) the daily performance of the Dow Jones Industrial Average Index. The Fund invests in equity securities and derivatives that have similar daily performance characteristics as three times (300%) the daily return of the Index. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies. The Fund invests in common stock issued by public companies.