ProShares Russell 2000 High Income ETF (BATS:ITWO – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 20,070 shares, an increase of 146.2% from the August 31st total of 8,153 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 19,833 shares, the days-to-cover ratio is presently 1.0 days.
Hedge Funds Weigh In On ProShares Russell 2000 High Income ETF
A number of hedge funds have recently modified their holdings of the business. Endeavor Private Wealth Inc. lifted its stake in ProShares Russell 2000 High Income ETF by 5.8% in the second quarter. Endeavor Private Wealth Inc. now owns 11,489 shares of the company’s stock valued at $540,000 after buying an additional 630 shares during the period. Integrated Wealth Concepts LLC grew its holdings in ProShares Russell 2000 High Income ETF by 22.6% during the second quarter. Integrated Wealth Concepts LLC now owns 9,691 shares of the company’s stock valued at $455,000 after purchasing an additional 1,788 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of ProShares Russell 2000 High Income ETF by 34.0% during the 1st quarter. Sunbelt Securities Inc. now owns 7,907 shares of the company’s stock valued at $315,000 after buying an additional 2,007 shares in the last quarter. Royal Bank of Canada increased its position in shares of ProShares Russell 2000 High Income ETF by 51.2% during the first quarter. Royal Bank of Canada now owns 16,038 shares of the company’s stock valued at $638,000 after buying an additional 5,432 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in ProShares Russell 2000 High Income ETF by 14.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 44,317 shares of the company’s stock worth $1,759,000 after acquiring an additional 5,641 shares during the last quarter.
ProShares Russell 2000 High Income ETF Price Performance
ProShares Russell 2000 High Income ETF stock opened at $43.66 on Friday. The company has a market cap of $56.76 million and a price-to-earnings ratio of 17.43. The firm has a 50-day moving average of $45.52 and a 200-day moving average of $44.17. ProShares Russell 2000 High Income ETF has a one year low of $37.09 and a one year high of $47.19.
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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