Investors Purchase High Volume of ProShares UltraPro Dow30 Call Options (NYSEARCA:UDOW)

ProShares UltraPro Dow30 (NYSEARCA:UDOW) was the recipient of unusually large options trading activity on Wednesday. Traders bought 3,189 call options on the stock. This represents an increase of approximately 150% compared to the average daily volume of 1,275 call options.

NYSEARCA UDOW opened at $45.56 on Friday. ProShares UltraPro Dow30 has a 52 week low of $25.32 and a 52 week high of $137.44. The company has a 50-day moving average price of $90.92 and a two-hundred day moving average price of $109.34.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 26th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.70%. The ex-dividend date is Wednesday, March 25th.

A number of hedge funds and other institutional investors have recently bought and sold shares of UDOW. IMC Chicago LLC boosted its holdings in shares of ProShares UltraPro Dow30 by 97.8% in the fourth quarter. IMC Chicago LLC now owns 22,634 shares of the company’s stock valued at $2,809,000 after acquiring an additional 11,192 shares in the last quarter. Virtu Financial LLC bought a new position in shares of ProShares UltraPro Dow30 in the third quarter valued at approximately $1,973,000. Simplex Trading LLC boosted its holdings in shares of ProShares UltraPro Dow30 by 71.8% in the fourth quarter. Simplex Trading LLC now owns 14,683 shares of the company’s stock valued at $1,822,000 after acquiring an additional 6,135 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of ProShares UltraPro Dow30 in the fourth quarter valued at approximately $1,601,000. Finally, UBS Group AG boosted its holdings in shares of ProShares UltraPro Dow30 by 18.4% in the fourth quarter. UBS Group AG now owns 4,052 shares of the company’s stock valued at $503,000 after acquiring an additional 631 shares in the last quarter.

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.

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