In today’s session ProShares UltraShort Dow30 (ETF) (DXD) registered an unusually high (163) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DXD increase. With 163 contracts traded and 3984 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DXD161216C00016000 closed last at: $0.35 or 12.5% down. ProShares UltraShort Dow30 (ETF) (NYSEARCA:DXD) has declined 13.93% since April 18, 2016 and is downtrending. It has underperformed by 18.36% the S&P500.
ProShares UltraShort Dow30 , formerly UltraShort Dow30 ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (DJIA). The ETF has a market cap of $212.28 million. The DJIA is a price-weighted index maintained by editors of The Wall Street Journal. It currently has negative earnings. The Index includes 30 large-cap, blue-chip United States stocks, excluding utility and transportation companies.
More notable recent ProShares UltraShort Dow30 (ETF) (NYSEARCA:DXD) news were published by: Seekingalpha.com which released: “Double Short The DJIA (DXD)” on March 13, 2015, also Seekingalpha.com with their article: “Trump’s Post-Election Market Action Similar To Reagan’s” published on November 14, 2016, Etftrends.com published: “Inverse ETFs Step into the Limelight” on January 07, 2016. More interesting news about ProShares UltraShort Dow30 (ETF) (NYSEARCA:DXD) were released by: Thestreet.com and their article: “Here’s an ETF That’s Coiled and Ready to Rumble” published on August 10, 2015 as well as Etftrends.com‘s news article titled: “Inverse ETFs to Capitalize on Market Turns” with publication date: March 25, 2013.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.