ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Short Interest Down 28.3% in March

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 194,074 shares, a decline of 28.3% from the March 15th total of 270,729 shares. Currently, 8.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,752,761 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraPro Short Russell 2000 Stock Down 0.9%

NYSEARCA SRTY traded down $0.27 during midday trading on Wednesday, hitting $30.85. 1,314,712 shares of the company traded hands, compared to its average volume of 1,776,677. The company’s 50-day simple moving average is $36.96 and its 200-day simple moving average is $40.20. ProShares UltraPro Short Russell 2000 has a 52 week low of $30.80 and a 52 week high of $120.00.

ProShares UltraPro Short Russell 2000 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a dividend of $0.2735 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, March 25th.

Institutional Investors Weigh In On ProShares UltraPro Short Russell 2000

A number of institutional investors have recently added to or reduced their stakes in SRTY. Group One Trading LLC grew its stake in ProShares UltraPro Short Russell 2000 by 278.0% in the third quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 4,286 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of ProShares UltraPro Short Russell 2000 by 495.3% during the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock valued at $113,000 after buying an additional 5,498 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of ProShares UltraPro Short Russell 2000 by 3,171.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock valued at $148,000 after buying an additional 8,405 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of ProShares UltraPro Short Russell 2000 in the 2nd quarter valued at about $173,000. Finally, XTX Topco Ltd purchased a new position in shares of ProShares UltraPro Short Russell 2000 in the 4th quarter worth approximately $508,000.

ProShares UltraPro Short Russell 2000 Company Profile

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).