ProShares Ultra Russell 2000 (NYSEARCA:UWM) Short Interest Update

ProShares Ultra Russell 2000 (NYSEARCA:UWM) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 157,400 shares, a decrease of 26.4% from the September 30th total of 214,000 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 409,700 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 409,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 2.9% of the company’s stock are sold short.

Institutional Trading of ProShares Ultra Russell 2000

A number of hedge funds have recently bought and sold shares of the business. North Capital Inc. bought a new position in ProShares Ultra Russell 2000 in the 3rd quarter valued at $58,000. HHM Wealth Advisors LLC bought a new position in ProShares Ultra Russell 2000 during the first quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in ProShares Ultra Russell 2000 by 18.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,813 shares of the company’s stock worth $84,000 after buying an additional 276 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in ProShares Ultra Russell 2000 by 924.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,049 shares of the company’s stock worth $69,000 after acquiring an additional 1,849 shares during the period. Finally, Capital Investment Advisory Services LLC raised its stake in shares of ProShares Ultra Russell 2000 by 19.4% in the first quarter. Capital Investment Advisory Services LLC now owns 4,300 shares of the company’s stock valued at $144,000 after buying an additional 700 shares during the period.

ProShares Ultra Russell 2000 Price Performance

UWM opened at $47.65 on Monday. The firm has a market capitalization of $250.16 million, a P/E ratio of 13.49 and a beta of 2.27. ProShares Ultra Russell 2000 has a fifty-two week low of $24.47 and a fifty-two week high of $51.87. The company’s 50-day moving average is $46.36 and its 200 day moving average is $40.02.

ProShares Ultra Russell 2000 Company Profile

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.