ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Down 82.0% in June

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 832 shares, a decrease of 82.0% from the May 31st total of 4,620 shares. Based on an average daily volume of 4,611 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of ProShares Ultra SmallCap600

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in ProShares Ultra SmallCap600 in the second quarter worth approximately $129,000. Corient Private Wealth LLC increased its position in shares of ProShares Ultra SmallCap600 by 14.0% in the 2nd quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after purchasing an additional 4,439 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of 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 purchasing an additional 6,702 shares in the last quarter. Finally, LTG Capital LLC raised its holdings in shares of ProShares Ultra SmallCap600 by 0.8% in the 3rd quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after purchasing an additional 2,720 shares in the last quarter.

ProShares Ultra SmallCap600 Stock Performance

SAA stock traded up $0.70 during mid-day trading on Friday, reaching $37.48. The company had a trading volume of 6,572 shares, compared to its average volume of 6,382. The company has a market capitalization of $30.36 million, a price-to-earnings ratio of 15.32 and a beta of 2.04. The firm has a fifty day simple moving average of $33.22 and a 200 day simple moving average of $29.99. ProShares Ultra SmallCap600 has a fifty-two week low of $21.09 and a fifty-two week high of $37.48.

About ProShares Ultra SmallCap600

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.