NEW YORK (AVAFIN) -- Institutional trading of ProShares UltraShort S&P500 shares yielded a bought/sold volume ratio of 1.38.
A total of 44 block trades crossed the tape, resulting in 285,280
shares on the buy side vs. 207,385 shares on the sell side. From a cash flow perspective,
this implies that there was a cash inflow of $13,725,615 and a cash outflow of $9,955,472.
The net cash flow for SDS is $3,770,143, demonstrating that institutions may
have positive outlook on the stock.
Options traders were busy as well, a total of 20,235 call and 4,559 put contracts were traded
yesterday yielding a 0.23 put/call ratio.
Shares of SDS opened today at $48.39 and settled the day down $0.90 to $47.98
during the session. The day's trading range is between $47.68 and $48.45 respectively.
To date, the stock has lost -5.38% within the last month.
On the volume side, 10M shares were traded which is greater
than the average volume of 8M shares. ProShares UltraShort S&P500 is trading below the 50 day
moving average and higher than the 200 day moving average. The stock's 52 week low is $47.76 and 52 week high is $73.04.
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