Will ProShares UltraShort Dow30 (ETF) Go Down Anytime Soon? Option Trader Doubt That

 Will ProShares UltraShort Dow30 (ETF) Go Down Anytime Soon? Option Trader Doubt That

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.

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