Stock Traders Purchase Large Volume of Call Options on ProShares UltraPro Russell2000 (NYSEARCA:URTY)

ProShares UltraPro Russell2000 (NYSEARCA:URTY) was the target of some unusual options trading on Wednesday. Stock traders bought 2,426 call options on the company. This represents an increase of approximately 289% compared to the average daily volume of 624 call options.

Institutional Investors Weigh In On ProShares UltraPro Russell2000

Institutional investors and hedge funds have recently modified their holdings of the company. IMC Chicago LLC lifted its stake in shares of ProShares UltraPro Russell2000 by 597.1% during the 4th quarter. IMC Chicago LLC now owns 141,848 shares of the company’s stock worth $6,577,000 after buying an additional 121,500 shares during the last quarter. Triton Wealth Management PLLC acquired a new stake in ProShares UltraPro Russell2000 during the first quarter worth approximately $1,659,000. Renaissance Technologies LLC acquired a new stake in ProShares UltraPro Russell2000 during the second quarter worth approximately $801,000. Simplex Trading LLC boosted its holdings in shares of ProShares UltraPro Russell2000 by 525.7% during the fourth quarter. Simplex Trading LLC now owns 16,324 shares of the company’s stock worth $756,000 after acquiring an additional 13,715 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of ProShares UltraPro Russell2000 by 54.9% in the second quarter. Commonwealth Equity Services LLC now owns 12,638 shares of the company’s stock valued at $546,000 after purchasing an additional 4,481 shares during the last quarter.

ProShares UltraPro Russell2000 Stock Down 2.3 %

ProShares UltraPro Russell2000 stock traded down $1.04 during mid-day trading on Wednesday, reaching $43.50. The company’s stock had a trading volume of 834,732 shares, compared to its average volume of 1,364,998. ProShares UltraPro Russell2000 has a 12 month low of $25.36 and a 12 month high of $60.25. The business’s 50 day simple moving average is $46.30 and its 200 day simple moving average is $45.27.

About ProShares UltraPro Russell2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.