In today’s session ProShares Short S&P500 (ETF) (SH) registered an unusually high (332) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2016 call, expecting serious SH increase. With 332 contracts traded and 2264 open interest for the Apr, 16 contract, it seems this is a quite bullish bet. The option with symbol: SH160415C00021000 closed last at: $0.4 or 42.9% down. The ETF decreased 1.61% or $0.34 on March 11, hitting $20.82. ProShares Short S&P500 (ETF) (NYSEARCA:SH) has declined 0.95% since August 6, 2015 and is downtrending. It has outperformed by 1.99% the S&P500.
ProShares Short S&P500 seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P 500 Index (the Index). The ETF has a market cap of $2.42 billion. The S&P 500 Index is a measure of large-cap United States stock market performance. It currently has negative earnings. It is a capitalization weighted index of 500 United States operating companies and selected real estate investment trusts.
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