ProShares Ultra Russell 2000 (NYSEARCA:UWM – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 241,677 shares, an increase of 60.6% from the September 30th total of 150,453 shares. Based on an average trading volume of 318,011 shares, the days-to-cover ratio is currently 0.8 days. Currently, 6.4% of the company’s stock are short sold.
ProShares Ultra Russell 2000 Stock Up 2.0%
Shares of UWM traded up $1.13 during trading hours on Monday, reaching $58.07. The company’s stock had a trading volume of 189,174 shares, compared to its average volume of 447,123. The company has a 50 day moving average of $59.38 and a two-hundred day moving average of $58.27. The firm has a market cap of $220.66 million, a price-to-earnings ratio of 13.49 and a beta of 2.25. ProShares Ultra Russell 2000 has a 1-year low of $40.92 and a 1-year high of $68.82.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Independent Financial Group LLC acquired a new stake in shares of ProShares Ultra Russell 2000 during the 1st quarter valued at $677,000. Client First Investment Management LLC purchased a new position in shares of ProShares Ultra Russell 2000 during the 2nd quarter valued at $8,040,000. Genesee Capital Advisors LLC grew its holdings in shares of ProShares Ultra Russell 2000 by 63.0% during the 3rd quarter. Genesee Capital Advisors LLC now owns 32,663 shares of the company’s stock valued at $1,853,000 after acquiring an additional 12,629 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of ProShares Ultra Russell 2000 in the third quarter worth $5,514,000. Finally, Atlatl Advisers LLC increased its stake in shares of ProShares Ultra Russell 2000 by 2.5% in the third quarter. Atlatl Advisers LLC now owns 12,766 shares of the company’s stock worth $724,000 after acquiring an additional 316 shares during the last quarter.
About ProShares Ultra Russell 2000
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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