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

ProShares UltraShort S&P500 (NYSEARCA:SDS) saw unusually large options trading on Monday. Stock investors acquired 7,339 call options on the stock. This represents an increase of approximately 162% compared to the average volume of 2,800 call options.

Institutional Investors Weigh In On ProShares UltraShort S&P500

A number of hedge funds and other institutional investors have recently modified their holdings of SDS. IMC Chicago LLC increased its stake in ProShares UltraShort S&P500 by 268.9% in the fourth quarter. IMC Chicago LLC now owns 362,765 shares of the real estate investment trust’s stock valued at $7,136,000 after purchasing an additional 264,432 shares during the last quarter. Two Sigma Securities LLC grew its position in shares of ProShares UltraShort S&P500 by 351.7% in the 4th quarter. Two Sigma Securities LLC now owns 211,744 shares of the real estate investment trust’s stock valued at $4,165,000 after buying an additional 164,868 shares during the last quarter. PVG Asset Management Corp raised its stake in ProShares UltraShort S&P500 by 46.4% during the 3rd quarter. PVG Asset Management Corp now owns 173,587 shares of the real estate investment trust’s stock worth $3,581,000 after acquiring an additional 54,984 shares in the last quarter. Andrew Hill Investment Advisors Inc. purchased a new stake in ProShares UltraShort S&P500 in the first quarter valued at $3,698,000. Finally, Juncture Wealth Strategies LLC acquired a new position in ProShares UltraShort S&P500 in the first quarter valued at $3,177,000.

ProShares UltraShort S&P500 Trading Down 1.9 %

Shares of SDS opened at $22.04 on Tuesday. ProShares UltraShort S&P500 has a 1 year low of $18.14 and a 1 year high of $28.31. The stock has a 50-day simple moving average of $20.91 and a 200-day simple moving average of $20.04.

ProShares UltraShort S&P500 Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.2335 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.