ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAAGet Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 10,257 shares, an increase of 132.2% from the July 30th total of 4,418 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 3,683 shares, the short-interest ratio is currently 2.8 days.

ProShares Ultra SmallCap600 Price Performance

Shares of ProShares Ultra SmallCap600 stock traded down $0.67 on Friday, reaching $36.05. 3,994 shares of the company traded hands, compared to its average volume of 5,595. ProShares Ultra SmallCap600 has a 52 week low of $22.57 and a 52 week high of $38.94. The company has a 50 day moving average of $36.87 and a 200 day moving average of $32.81. The firm has a market capitalization of $29.20 million, a PE ratio of 15.32 and a beta of 2.03.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

Several institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC grew its holdings in ProShares Ultra SmallCap600 by 14.0% during the second 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 period. Osaic Holdings Inc. raised its stake in shares of ProShares Ultra SmallCap600 by 532.8% in the second 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 during the period. Finally, Bank of America Corp DE purchased a new position in shares of ProShares Ultra SmallCap600 during the 2nd quarter valued at $129,000.

ProShares Ultra SmallCap600 Company Profile

(Get Free Report)

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.

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