ProShares Ultra Russell 2000 (NYSEARCA:UWM – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 132,700 shares, a decline of 37.0% from the July 15th total of 210,754 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 285,532 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of UWM. Bogart Wealth LLC bought a new stake in ProShares Ultra Russell 2000 in the first quarter worth $47,000. Federation des caisses Desjardins du Quebec bought a new position in ProShares Ultra Russell 2000 during the fourth quarter valued at $47,000. Bank of America Corp DE bought a new position in ProShares Ultra Russell 2000 during the third quarter valued at $120,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in ProShares Ultra Russell 2000 during the second quarter valued at $241,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of ProShares Ultra Russell 2000 in the 2nd quarter worth $263,000.
ProShares Ultra Russell 2000 Stock Down 2.4%
ProShares Ultra Russell 2000 stock traded down $1.64 during midday trading on Tuesday, reaching $66.62. 234,444 shares of the stock traded hands, compared to its average volume of 497,088. The stock has a market cap of $246.49 million, a P/E ratio of 13.49 and a beta of 2.21. The stock’s fifty day moving average is $65.08 and its 200-day moving average is $58.00. ProShares Ultra Russell 2000 has a 12 month low of $39.99 and a 12 month high of $68.82.
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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