Stock Traders Buy High Volume of Call Options on Leverage Shares 2x Long SpaceX Daily ETF (BATS:SPCH)

Leverage Shares 2x Long SpaceX Daily ETF (BATS:SPCH – Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 14,368 call options on the company. This is an increase of 13% compared to the typical volume of 12,763 call options.

Leverage Shares 2x Long SpaceX Daily ETF Price Performance

Shares of SPCH stock traded up $1.77 during mid-day trading on Wednesday, reaching $11.17. 36,300,461 shares of the company’s stock traded hands, compared to its average volume of 28,263,836. Leverage Shares 2x Long SpaceX Daily ETF has a 12 month low of $5.30 and a 12 month high of $28.01.

Leverage Shares 2x Long SpaceX Daily ETF (BATS:SPCH) is an exchange-traded fund designed to provide leveraged exposure to the daily performance of SpaceX, the privately held aerospace company formally known as Space Exploration Technologies Corp. The fund is sponsored by Leverage Shares, an investment products provider specializing in exchange-traded funds and exchange-traded notes with leveraged or inverse exposure to individual companies and other assets.

SPCH seeks to deliver approximately twice the daily return of its reference exposure to SpaceX, before fees and expenses.

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