ProShares Ultra Russell 2000 (NYSEARCA:UWM) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 30.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,145 shares of the company’s stock after purchasing an additional 59,258 shares during the period. Park Avenue Securities LLC owned 2.68% of ProShares Ultra Russell 2000 worth $8,565,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UWM. IMC Chicago LLC acquired a new position in ProShares Ultra Russell 2000 during the 4th quarter valued at about $1,495,000. Principal Securities Inc. bought a new stake in shares of ProShares Ultra Russell 2000 during the 4th quarter worth about $240,000. Truist Financial Corp bought a new stake in shares of ProShares Ultra Russell 2000 during the 4th quarter worth about $1,136,000. Financial Management Network Inc. bought a new stake in shares of ProShares Ultra Russell 2000 during the 4th quarter worth about $465,000. Finally, WealthBridge Capital Management LLC bought a new stake in shares of ProShares Ultra Russell 2000 during the 4th quarter worth about $764,000.

ProShares Ultra Russell 2000 Trading Up 3.2%

UWM stock opened at $36.31 on Monday. ProShares Ultra Russell 2000 has a 52 week low of $24.47 and a 52 week high of $51.87. The company has a market capitalization of $328.61 million, a price-to-earnings ratio of 13.49 and a beta of 2.22. The firm’s 50-day moving average is $31.78 and its two-hundred day moving average is $38.49.

About ProShares Ultra Russell 2000

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.