NEW YORK (AVAFIN) -- During today's trading session, a low put/call ratio alert was raised on shares of ProShares UltraShort S&P500. The increased
call volume ran 6.8x the volume of put contracts yielding a 0.15 put/call ratio.
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Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying equity. A high put/call ratio
suggests that the investor sentiment is bearish and that investors are expecting the underlying
stock price to decrease. On the other hand, a low put/call ratio implies that the investor
sentiment is bullish and that investors are expecting the underlying stock price to increase.
Thus, unusual volume provides reliable clues that the stock is expected to make a move.
The last trading session witnessed a low of $15.77 and high of $16.58 during the day. Shares of ProShares UltraShort S&P500
gained $0.73 (+4.61%) to $16.56. The current trading volume of 26M is greater
than average volume of 19M shares. The stock's 52 week low is $14.77 and 52 week high is $28.73. To date, the stock has gained 0.36% within the last week.
