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Unusual call option trade on ProShares UltraPro Short S&P500 (SPXU) worth $172.50,000

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On April 28, 2023 at 9:34:36 a.m. ET, an unusually large $172,500 block of call contracts in ProShares UltraPro Short S&P500 (SPXU) was sold, with a strike price of $10.00/share , expiring in 140 day(s) (September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.41 sigma above the average, placing it in the 93.57th percentile of all recent large options trades SPXU .

This trade was first detected on Fintel’s real-time options feed tool, where unusual options trades are highlighted.

What is fund sentiment?

There are 74 funds or institutions reporting positions in ProShares UltraPro Short S&P500. This is an increase of 5 owner(s) or 7.25% over the last quarter. Average portfolio weight of all funds dedicated to SPXU is 0.23%, a decrease of 64.68%. The total number of shares held by institutions has decreased over the past three months by 15.86% to 7,371,000 shares. SPXU’s put/call ratio is 0.16, indicating a bullish outlook.

What are the other shareholders doing?

SPXU / ProShares UltraPro Short Institutionally Held S&P500 Stocks

Wolverine Trading holds 20,000 shares. No change in the last quarter.

Bokf, Na owns 53,000 shares. In its previous filing, the company said it held 44,000 shares, representing a raise of 16.44%. The company decreases its portfolio allocation in SPXU of 99.93% in the last quarter.

UBS Group holds 5,000 shares. In its previous filing, the company said it held 13,000 shares, representing a decrease of 178.05%. The company decreases its portfolio allocation in SPXU of 76.93% in the last quarter.

WESPAC Advisors SoCal owns 57,000 shares.

Tradition Wealth Management holds 12,000 shares. In its previous filing, the company said it owns 4K shares, representing a raise of 64.41%. The company decreases its portfolio allocation in SPXU of 99.80% in the last quarter.

See all ProShares UltraPro Short S&P500 regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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