Short Interest in ProShares Ultra Russell 2000 (NYSEARCA:UWM) Decreases By 21.7%

ProShares Ultra Russell 2000 (NYSEARCA:UWM) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 235,736 shares, a drop of 21.7% from the December 15th total of 301,251 shares. Based on an average daily volume of 305,498 shares, the days-to-cover ratio is presently 0.8 days. Approximately 4.7% of the shares of the company are short sold. Approximately 4.7% of the shares of the company are short sold. Based on an average daily volume of 305,498 shares, the days-to-cover ratio is presently 0.8 days.

ProShares Ultra Russell 2000 Price Performance

Shares of NYSEARCA UWM traded up $0.11 during mid-day trading on Friday, reaching $54.63. 567,461 shares of the company’s stock were exchanged, compared to its average volume of 1,008,405. The firm has a 50-day moving average price of $48.36 and a two-hundred day moving average price of $45.38. The firm has a market capitalization of $284.08 million, a price-to-earnings ratio of 13.49 and a beta of 2.27. ProShares Ultra Russell 2000 has a 52 week low of $24.47 and a 52 week high of $55.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UWM. Client First Investment Management LLC bought a new stake in shares of ProShares Ultra Russell 2000 in the 3rd quarter worth approximately $5,042,000. Wealthcare Advisory Partners LLC bought a new position in ProShares Ultra Russell 2000 during the fourth quarter valued at $3,201,000. Capital Investment Advisory Services LLC increased its position in ProShares Ultra Russell 2000 by 786.0% in the third quarter. Capital Investment Advisory Services LLC now owns 38,100 shares of the company’s stock worth $1,766,000 after buying an additional 33,800 shares during the last quarter. CWM LLC purchased a new stake in ProShares Ultra Russell 2000 in the third quarter worth $1,524,000. Finally, Global View Capital Management LLC bought a new stake in shares of ProShares Ultra Russell 2000 in the third quarter valued at $1,229,000.

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.