ProShares Ultra Russell 2000 (NYSEARCA:UWM – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 241,677 shares, an increase of 60.6% from the September 30th total of 150,453 shares. Based on an average daily volume of 318,011 shares, the short-interest ratio is presently 0.8 days. Currently, 6.4% of the company’s stock are short sold.
ProShares Ultra Russell 2000 Stock Up 2.0%
Shares of UWM traded up $1.13 during midday trading on Monday, reaching $58.07. 189,174 shares of the stock were exchanged, compared to its average volume of 447,123. ProShares Ultra Russell 2000 has a 12-month low of $40.92 and a 12-month high of $68.82. The firm has a 50 day simple moving average of $59.38 and a 200-day simple moving average of $58.27. The company has a market cap of $220.66 million, a price-to-earnings ratio of 13.49 and a beta of 2.25.
Hedge Funds Weigh In On ProShares Ultra Russell 2000
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Client First Investment Management LLC bought a new position in ProShares Ultra Russell 2000 during the second quarter valued at about $8,040,000. Toth Financial Advisory Corp acquired a new stake in shares of ProShares Ultra Russell 2000 in the third quarter worth about $5,514,000. Genesee Capital Advisors LLC boosted its stake in shares of ProShares Ultra Russell 2000 by 63.0% during the 3rd quarter. Genesee Capital Advisors LLC now owns 32,663 shares of the company’s stock worth $1,853,000 after acquiring an additional 12,629 shares in the last quarter. Independent Financial Group LLC bought a new stake in shares of ProShares Ultra Russell 2000 during the 1st quarter worth about $677,000. Finally, Atlatl Advisers LLC boosted its stake in shares of ProShares Ultra Russell 2000 by 2.5% during the 3rd quarter. Atlatl Advisers LLC now owns 12,766 shares of the company’s stock worth $724,000 after acquiring an additional 316 shares in the last quarter.
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.
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