ProShares Ultra SmallCap600 (NYSEARCA:SAA – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 832 shares, a decline of 82.0% from the May 31st total of 4,620 shares. Based on an average daily volume of 4,611 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LTG Capital LLC increased its stake in ProShares Ultra SmallCap600 by 0.8% in the 3rd quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after buying an additional 2,720 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of ProShares Ultra SmallCap600 by 532.8% in the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $176,000 after acquiring an additional 6,702 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of ProShares Ultra SmallCap600 by 14.0% in the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after acquiring an additional 4,439 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in ProShares Ultra SmallCap600 during the second quarter worth about $129,000.
ProShares Ultra SmallCap600 Trading Up 1.9%
SAA traded up $0.70 on Friday, hitting $37.48. 6,572 shares of the stock traded hands, compared to its average volume of 6,382. The firm has a market capitalization of $30.36 million, a PE ratio of 15.32 and a beta of 2.04. ProShares Ultra SmallCap600 has a 52 week low of $21.09 and a 52 week high of $37.48. The business has a fifty day moving average price of $33.22 and a two-hundred day moving average price of $29.99.
ProShares Ultra SmallCap600 Company Profile
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.
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