ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,700 shares, a growth of 112.5% from the September 30th total of 800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Ultra SmallCap600

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in shares of ProShares Ultra SmallCap600 in the second quarter worth about $129,000. Osaic Holdings Inc. increased its holdings in shares of ProShares Ultra SmallCap600 by 532.8% in the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after acquiring an additional 6,702 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of ProShares Ultra SmallCap600 by 14.0% in the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock worth $798,000 after acquiring an additional 4,439 shares in the last quarter. Finally, LTG Capital LLC increased its holdings in shares of ProShares Ultra SmallCap600 by 1.1% in the second quarter. LTG Capital LLC now owns 355,707 shares of the company’s stock worth $7,872,000 after acquiring an additional 4,000 shares in the last quarter.

ProShares Ultra SmallCap600 Trading Up 0.1%

NYSEARCA SAA opened at $24.91 on Friday. The stock has a 50-day simple moving average of $25.52 and a 200 day simple moving average of $22.96. The company has a market capitalization of $31.39 million, a PE ratio of 15.32 and a beta of 2.18. ProShares Ultra SmallCap600 has a 12 month low of $15.22 and a 12 month high of $32.32.

ProShares Ultra SmallCap600 Company Profile

ProShares Ultra SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.