ProShares UltraPro Russell2000 (ARCA: URTY)

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ProShares UltraPro Russell2000

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The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap U.S. stock market performance. The fund is non-diversified.

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Benzinga&#39;s Top ETF Gainers, September 29th (AGQ, FAS, URTY, DRN)

On Monday, shares of ProShares UltraPro Russell2000 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URTY#NYSE">URTY</a>) saw unusual options activity. After the option alert, the stock price moved down to $98.51. 
<ul>
<li>Sentiment: BEARISH</li>
<li>Option Type: TRADE</li>
<li>Trade Type: CALL</li>
<li>Expiration Date: 2021-08-20</li>
<li>Strike Price: $100.00</li>
<li>Volume: 503</li>
<li>Open Interest: 80</li>
</ul>
<h2>Three Signs Of Unusual Options Activity</h2>
One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer).
Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. 
Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin. 
<h2>Bullish And Bearish Sentiments</h2>
Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. 
Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. 
<h2>Using These Options Strategies</h2>
Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.
For more information to understand options alerts, visit <a href="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts" title="https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts">https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts</a>

Options

Analyzing ProShares UltraPro Russell2000's Unusual Options Activity

BETHESDA, Md.--(BUSINESS WIRE)-- <a href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.proshares.com&amp;esheet=51579288&amp;newsitemid=20170627006181&amp;lan=en-US&amp;anchor=ProShares&amp;index=1&amp;md5=153da40af40408a86a4261b55a25a461">ProShares</a>, a premier provider of ETFs, announced today forward and reverse share splits on 10 of its ETFs. The splits will not change the total value of a shareholder&#39;s investment. Forward Splits Seven ETFs will forward split shares 2-for-1: &nbsp;&nbsp; Ticker&nbsp;ProShares ETF&nbsp;Split Ratio QLD&nbsp;<a href="http://www.proshares.com/funds/qld.html">Ultra QQQ</a>&nbsp;2:1 UDOW&nbsp;<a href="http://www.proshares.com/funds/udow.html">UltraPro Dow30</a>&nbsp;2:1 UWM&nbsp;<a href="http://www.proshares.com/funds/uwm.html">Ultra Russell2000</a>&nbsp;2:1 URE&nbsp;<a href="http://www.proshares.com/funds/ure.html">Ultra Real Estate</a>&nbsp;2:1 URTY&nbsp;<a href="http://www.proshares.com/funds/urty.html">UltraPro Russell2000</a>&nbsp;2:1 ROM&nbsp;<a href="http://www.proshares.com/funds/rom.html">Ultra Technology</a>&nbsp;2:1 SVXY&nbsp;<a href="http://www.proshares.com/funds/svxy.html">Short VIX Short-Term Futures ETF</a>&nbsp;2:1 &nbsp; All forward splits will apply to shareholders of record as of the close of the markets on July 12, 2017, payable after the close of the markets on July 14, 2017. The funds will trade at their post-split prices on July 17, 2017. The ticker symbols and CUSIP numbers for the funds will not change. The forward splits will decrease the price per share of each fund with a proportionate increase in the number of shares outstanding. For example, for the 2-for-1 splits, every pre-split share will result in the receipt of two post-split shares, which will be priced at one-half the net asset value (&ldquo;NAV&rdquo;) of a pre-split share. Illustration of a Forward Split The following table shows the effect of a hypothetical 2-for-1 split: &nbsp;&nbsp;&nbsp; Period&nbsp;# of Shares Owned&nbsp;Hypothetical NAV&nbsp;Value of Shares Pre-Split&nbsp;100&nbsp;$100.00&nbsp;$10,000.00 Post-Split&nbsp;200&nbsp;$50.00&nbsp;$10,000.00 &nbsp; Reverse Splits Three ETFs will reverse split shares at the following split ratios: &nbsp;&nbsp;&nbsp;&nbsp; Ticker&nbsp;ProShares ETF&nbsp;Split Ratio&nbsp;Old CUSIP&nbsp;New CUSIP SDS&nbsp;<a href="http://www.proshares.com/funds/sds.html">UltraShort S&amp;P500</a>&nbsp;1:4&nbsp;74347B300&nbsp;74347B383 VIXY&nbsp;<a href="http://www.proshares.com/funds/vixy.html">VIX Short-Term Futures ETF</a>&nbsp;1:4&nbsp;74347W262&nbsp;74347W171 UVXY&nbsp;<a href="http://www.proshares.com/funds/uvxy.html">Ultra VIX Short-Term Futures ETF</a>&nbsp;1:4&nbsp;74347W239&nbsp;74347W163 &nbsp; All reverse splits will be effective at the market open on July 17, 2017, when the funds will begin trading at their post-split price. The ticker symbol for the funds will not change. All funds undergoing a reverse split will be issued a new CUSIP number, listed above. The reverse splits will increase the price per share of each fund with a proportionate decrease in the number of shares outstanding. For example, for a 1-for-4 reverse split, every four pre-split shares will result in the receipt of one post-split share, which will be priced four times higher than the NAV of a pre-split share. Illustration of a Reverse Split The following table shows the effect of a hypothetical 1-for-4 reverse split: &nbsp;&nbsp;&nbsp; Period&nbsp;# of Shares Owned&nbsp;Hypothetical NAV&nbsp;Value of Shares Pre-Split&nbsp;1,000&nbsp;$10.00&nbsp;$10,000.00 Post-Split&nbsp;250&nbsp;$40.00&nbsp;$10,000.00 &nbsp; Fractional Shares from Reverse Splits For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of 4 for a 1-to-4 reverse split), the reverse split will result in the creation of a fractional share. Post-reverse split fractional shares will be redeemed for cash and sent to your broker of record. This redemption may cause some shareholders to realize gains or losses, which could be a taxable event for those shareholders.

SVXY

UDOW

ProShares Announces Several ETF Share Splits

ProShares, the largest sponsor of leveraged ETFs, said seven of its ETFs will undergo traditional, forward splits while another eight will be subject to reverse splits. 

Maryland-based ProShares made the announcement <a href="http://www.dailyfinance.com/2013/05/24/proshares-announces-etf-share-splits/">in a statement</a> released after the close of U.S. markets Friday.

The seven ProShares ETFs that will be split on a forward basis are the following: The ProShares Ultra Consumer Goods (NYSE: <a class="ticker" href="/stock/uge#NYSE">UGE</a>), ProShares UltraPro S&amp;P500 (NYSE: <a class="ticker" href="/stock/upro#NYSE">UPRO</a>), ProShares UltraPro MidCap400 (NYSE: <a class="ticker" href="/stock/umdd#NYSE">UMDD</a>), ProShares Ultra Russell3000 (NYSE: <a class="ticker" href="/stock/uwc#NYSE">UWC</a>), ProShares Ultra Health Care (NYSE: <a class="ticker" href="/stock/rxl#NYSE">RXL</a>), ProShares Ultra Consumer Services (NYSE: <a class="ticker" href="/stock/ucc#NYSE">UCC</a>) and the ProShares UltraPro Russell2000 (NYSE: <a class="ticker" href="/stock/urty#NYSE">URTY</a>).

All of those ETFs will be split two-for-one and begin trading at their split-adjusted prices on June 10.

The eight ProShares ETFs that will be reverse split are the following: The ProShares UltraShort DJ-UBS Natural Gas (NYSE: <a class="ticker" href="/stock/kold#NYSE">KOLD</a>), the ProShares VIX Short-Term Futures ETF (NYSE: <a class="ticker" href="/stock/vixy#NYSE">VIXY</a>), ProShares Ultra VIX Short-Term Futures ETF (NYSE: <a class="ticker" href="/stock/uvxy#NYSE">UVXY</a>), ProShares UltraShort Oil &amp; Gas (NYSE: <a class="ticker" href="/stock/dug#NYSE">DUG</a>), ProShares UltraPro Short Financials (NYSE: <a class="ticker" href="/stock/finz#NYSE">FINZ</a>), ProShares UltraPro Short 20+ Year Treasury (NYSE: <a class="ticker" href="/stock/ttt#NYSE">TTT</a>), ProShares UltraShort Russell1000 Value (NYSE: <a class="ticker" href="/stock/sjf#NYSE">SJF</a>) and the ProShares UltraShort MSCI EAFE (NYSE: <a class="ticker" href="/stock/efu#NYSE">EFU</a>).

All of those ETFs will be reverse split on a one-for-four basis except VIXY and UVXY. VIXY will be split one-for-five and UVXY will be split one-for-10. The reverse split ETFs will also begin trading at their post-split prices on June 10.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

ProShares Ultra Silver (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>) jumped 7.56% on Thursday as silver traded higher. AGQ closed at $111.43, and it had a volume of 1.87M traded shares. 

Direxion Daily Financial Bull 3X Shares(<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/fas#NYSE">FAS</a>) gained 7.22%, and it closed at $11.73. In the financial space, Morgan Stanley (NYSE: <a class="ticker" href="/stock/ms#NYSE">MS</a>) jumped 6.57%, and Goldman Sachs Group, Inc. (NYSE: <a class="ticker" href="/stock/gs#NYSE">GS</a>) added 3.69%.

ProShares UltraPro Russell2000 ETF (NYSE: <a class="ticker" href="/stock/urty#NYSE">URTY</a>) spiked 5.04% as the Russell 2000 Index traded higher. URTY closed at $40.00, and it had a volume of 627K traded shares.

Direxion Daily Real Estate Bull 3X (<a class="ticker" href="/stock/etf#">ETF</a>) (NYSE: <a class="ticker" href="/stock/drn#NYSE">DRN</a>) added 4.75% as Boston Properties, Inc. (NYSE: <a class="ticker" href="/stock/bxp#NYSE">BXP</a>) gained 2.06%, and Essex Property Trust, Inc. (NYSE: <a class="ticker" href="/stock/ess#NYSE">ESS</a>) jumped 2.48%.

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