Stock Traders Buy High Volume of Call Options on ProShares UltraShort S&P500 (NYSEARCA:SDS)

ProShares UltraShort S&P500 (NYSEARCA:SDS) was the target of unusually large options trading activity on Monday. Stock traders purchased 2,452 call options on the company. This represents an increase of 38% compared to the average daily volume of 1,778 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Capital Investment Advisory Services LLC bought a new stake in shares of ProShares UltraShort S&P500 in the 4th quarter valued at about $74,000. ORG Partners LLC bought a new position in ProShares UltraShort S&P500 during the 4th quarter worth approximately $83,000. Parallel Advisors LLC lifted its position in shares of ProShares UltraShort S&P500 by 17.2% in the 4th quarter. Parallel Advisors LLC now owns 3,318 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 487 shares during the period. VitalStone Financial LLC boosted its stake in shares of ProShares UltraShort S&P500 by 12.9% in the 4th quarter. VitalStone Financial LLC now owns 3,950 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 450 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in ProShares UltraShort S&P500 by 24.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 7,120 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,390 shares during the last quarter.

ProShares UltraShort S&P500 Price Performance

Shares of NYSEARCA:SDS opened at $25.18 on Wednesday. ProShares UltraShort S&P500 has a one year low of $21.48 and a one year high of $40.75. The firm has a 50 day simple moving average of $23.32 and a 200 day simple moving average of $25.32.

ProShares UltraShort S&P500 Company Profile

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.