Prime Capital Investment Advisors LLC Lowers Stock Holdings in ProShares UltraPro Russell 2000 $URTY

Prime Capital Investment Advisors LLC cut its stake in shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTY) by 92.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,242 shares of the company’s stock after selling 62,746 shares during the period. Prime Capital Investment Advisors LLC owned approximately 0.07% of ProShares UltraPro Russell 2000 worth $278,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Variant Private Wealth LLC grew its stake in shares of ProShares UltraPro Russell 2000 by 41.2% in the 2nd quarter. Variant Private Wealth LLC now owns 123,784 shares of the company’s stock valued at $4,873,000 after purchasing an additional 36,145 shares during the last quarter. Flow Traders U.S. LLC grew its position in ProShares UltraPro Russell 2000 by 249.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 98,991 shares of the company’s stock valued at $3,897,000 after buying an additional 70,701 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its stake in ProShares UltraPro Russell 2000 by 33.6% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 80,109 shares of the company’s stock valued at $3,154,000 after buying an additional 20,154 shares during the period. Bank of America Corp DE purchased a new position in ProShares UltraPro Russell 2000 during the 2nd quarter worth $868,000. Finally, Tidal Investments LLC purchased a new position in ProShares UltraPro Russell 2000 during the 2nd quarter worth $598,000.

ProShares UltraPro Russell 2000 Stock Down 1.5%

Shares of NYSEARCA:URTY opened at $64.75 on Thursday. The company has a market cap of $394.98 million, a price-to-earnings ratio of 16.35 and a beta of 3.42. The firm’s 50-day simple moving average is $60.57 and its 200-day simple moving average is $53.89. ProShares UltraPro Russell 2000 has a fifty-two week low of $21.15 and a fifty-two week high of $70.61.

About ProShares UltraPro Russell 2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.