ProShares Ultra Russell 2000 $UWM Position Raised by GWN Securities Inc.

GWN Securities Inc. increased its position in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 102.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,466 shares of the company’s stock after purchasing an additional 13,386 shares during the period. GWN Securities Inc.’s holdings in ProShares Ultra Russell 2000 were worth $997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UWM. HHM Wealth Advisors LLC bought a new stake in ProShares Ultra Russell 2000 during the first quarter worth approximately $47,000. Northwestern Mutual Wealth Management Co. raised its holdings in ProShares Ultra Russell 2000 by 924.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,049 shares of the company’s stock worth $69,000 after purchasing an additional 1,849 shares in the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of ProShares Ultra Russell 2000 by 19.4% in the first quarter. Capital Investment Advisory Services LLC now owns 4,300 shares of the company’s stock valued at $144,000 after buying an additional 700 shares in the last quarter. Truist Financial Corp bought a new position in shares of ProShares Ultra Russell 2000 in the second quarter valued at $222,000. Finally, Financial Management Network Inc. bought a new position in shares of ProShares Ultra Russell 2000 in the second quarter valued at $283,000.

ProShares Ultra Russell 2000 Stock Performance

NYSEARCA UWM opened at $49.22 on Tuesday. The stock has a market capitalization of $265.79 million, a P/E ratio of 13.49 and a beta of 2.27. ProShares Ultra Russell 2000 has a 1 year low of $24.47 and a 1 year high of $51.87. The business’s fifty day moving average is $45.86 and its two-hundred day moving average is $39.39.

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.