ProShares Ultra Russell 2000 (NYSEARCA:UWM) Short Interest Update

ProShares Ultra Russell 2000 (NYSEARCA:UWMGet Free Report) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 195,764 shares, a decline of 45.5% from the June 15th total of 359,527 shares. Based on an average daily volume of 287,786 shares, the short-interest ratio is presently 0.7 days. Currently, 4.5% of the shares of the stock are sold short.

ProShares Ultra Russell 2000 Trading Up 0.6%

Shares of UWM stock opened at $64.48 on Wednesday. ProShares Ultra Russell 2000 has a 12-month low of $36.18 and a 12-month high of $68.32. The business’s 50 day moving average is $62.95 and its two-hundred day moving average is $55.71. The company has a market capitalization of $274.04 million, a P/E ratio of 13.49 and a beta of 2.20.

Hedge Funds Weigh In On ProShares Ultra Russell 2000

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Client First Investment Management LLC purchased a new position in ProShares Ultra Russell 2000 in the 2nd quarter valued at about $8,040,000. Toth Financial Advisory Corp increased its position in shares of ProShares Ultra Russell 2000 by 20.0% during the fourth quarter. Toth Financial Advisory Corp now owns 83,432 shares of the company’s stock worth $3,923,000 after purchasing an additional 13,909 shares in the last quarter. Quadrature Capital Ltd acquired a new position in ProShares Ultra Russell 2000 in the 4th quarter valued at $3,344,000. Wealthcare Advisory Partners LLC purchased a new position in ProShares Ultra Russell 2000 in the 4th quarter valued at $3,201,000. Finally, CWM LLC boosted its stake in ProShares Ultra Russell 2000 by 91.6% during the 4th quarter. CWM LLC now owns 63,004 shares of the company’s stock worth $2,962,000 after purchasing an additional 30,122 shares during the last quarter.

About ProShares Ultra Russell 2000

(Get Free Report)

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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