ProShares Ultra SmallCap600 (NYSEARCA:SAA) Sees Significant Drop in Short Interest

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 997 shares, a drop of 89.5% from the December 15th total of 9,465 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 6,255 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 6,255 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SAA. LTG Capital LLC grew its holdings in ProShares Ultra SmallCap600 by 1.1% during the second quarter. LTG Capital LLC now owns 355,707 shares of the company’s stock worth $7,872,000 after buying an additional 4,000 shares in the last quarter. Bank of America Corp DE purchased a new position in ProShares Ultra SmallCap600 during the 2nd quarter worth $129,000. Corient Private Wealth LLC boosted its holdings in ProShares Ultra SmallCap600 by 14.0% during the 2nd 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 during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of ProShares Ultra SmallCap600 by 532.8% in the 2nd 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.

ProShares Ultra SmallCap600 Trading Up 0.2%

Shares of SAA traded up $0.06 on Tuesday, reaching $28.57. The company’s stock had a trading volume of 2,890 shares, compared to its average volume of 4,211. ProShares Ultra SmallCap600 has a twelve month low of $15.22 and a twelve month high of $28.55. The stock has a market capitalization of $23.71 million, a PE ratio of 15.32 and a beta of 2.18. The firm has a fifty day moving average of $26.05 and a 200-day moving average of $25.05.

About ProShares Ultra SmallCap600

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.