ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 18,249 shares, a drop of 39.4% from the April 30th total of 30,121 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 7,446 shares, the short-interest ratio is presently 2.5 days.

ProShares Ultra SmallCap600 Trading Down 0.9%

NYSEARCA SAA traded down $0.30 on Wednesday, reaching $33.27. The company’s stock had a trading volume of 1,227 shares, compared to its average volume of 6,271. The firm has a market cap of $26.95 million, a PE ratio of 15.32 and a beta of 2.07. The business has a 50-day moving average price of $30.63 and a 200 day moving average price of $28.73. ProShares Ultra SmallCap600 has a 52 week low of $20.35 and a 52 week high of $34.04.

Institutional Investors Weigh In On ProShares Ultra SmallCap600

Several large investors have recently modified their holdings of SAA. Bank of America Corp DE acquired a new position in shares of ProShares Ultra SmallCap600 in the 2nd quarter worth approximately $129,000. Osaic Holdings Inc. boosted its stake in ProShares Ultra SmallCap600 by 532.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $176,000 after buying an additional 6,702 shares in the last quarter. Corient Private Wealth LLC grew its position in 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 period. Finally, LTG Capital LLC grew its position in ProShares Ultra SmallCap600 by 0.8% in the third quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after acquiring an additional 2,720 shares during the period.

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.