ProShares Russell 2000 High Income ETF (BATS:ITWO – Get Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 13,119 shares, a decline of 70.5% from the July 30th total of 44,542 shares. Based on an average trading volume of 32,754 shares, the short-interest ratio is presently 0.4 days. Approximately 1.0% of the company’s stock are sold short.
ProShares Russell 2000 High Income ETF Price Performance
Shares of ProShares Russell 2000 High Income ETF stock opened at $46.38 on Friday. ProShares Russell 2000 High Income ETF has a one year low of $37.09 and a one year high of $47.19. The firm has a market capitalization of $60.29 million and a price-to-earnings ratio of 17.43. The business has a 50-day simple moving average of $46.19 and a 200 day simple moving average of $43.77.
Institutional Investors Weigh In On ProShares Russell 2000 High Income ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in shares of ProShares Russell 2000 High Income ETF during the fourth quarter worth approximately $64,000. Sunbelt Securities Inc. acquired a new stake in ProShares Russell 2000 High Income ETF in the 4th quarter valued at $234,000. Integrated Wealth Concepts LLC acquired a new stake in ProShares Russell 2000 High Income ETF in the 3rd quarter valued at $249,000. PFG Investments LLC acquired a new stake in ProShares Russell 2000 High Income ETF in the 1st quarter valued at $384,000. Finally, Raymond James Financial Inc. bought a new stake in ProShares Russell 2000 High Income ETF during the 2nd quarter valued at $389,000.
About ProShares Russell 2000 High Income ETF
The ProShares Russell 2000 High Income ETF (ITWO) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index that holds Russell 2000 stocks and sells daily call options on the same index. The fund primarily uses swaps to replicate the buy-write strategy in replicating returns of the sub-index. ITWO was launched on Sep 4, 2024 and is issued by ProShares.
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