ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 289,165 shares, an increase of 53.3% from the July 30th total of 188,589 shares. Currently, 8.5% of the company’s stock are short sold. Based on an average trading volume of 1,468,579 shares, the days-to-cover ratio is presently 0.2 days.
ProShares UltraPro Short Russell 2000 Price Performance
Shares of NYSEARCA SRTY traded up $0.46 during midday trading on Tuesday, hitting $23.39. 323,696 shares of the company’s stock were exchanged, compared to its average volume of 2,121,808. ProShares UltraPro Short Russell 2000 has a twelve month low of $20.48 and a twelve month high of $54.68. The firm’s fifty day simple moving average is $22.16 and its 200-day simple moving average is $28.30.
Institutional Trading of ProShares UltraPro Short Russell 2000
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC boosted its holdings in shares of ProShares UltraPro Short Russell 2000 by 278.0% in the 3rd quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 4,286 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in ProShares UltraPro Short Russell 2000 by 495.3% in the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock valued at $113,000 after acquiring an additional 5,498 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of ProShares UltraPro Short Russell 2000 during the first quarter worth about $135,000. Qube Research & Technologies Ltd grew its holdings in shares of ProShares UltraPro Short Russell 2000 by 3,171.7% during the second quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock worth $148,000 after purchasing an additional 8,405 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in shares of ProShares UltraPro Short Russell 2000 during the second quarter worth about $173,000.
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).
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