ProShares UltraPro Russell 2000 (NYSEARCA:URTY – Get Free Report) shares traded up 1.6% on Monday . The stock traded as high as $73.82 and last traded at $73.11. Approximately 220,297 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,027,414 shares. The stock had previously closed at $71.99.
ProShares UltraPro Russell 2000 Stock Down 5.7%
The business has a 50-day moving average price of $81.14 and a two-hundred day moving average price of $74.05. The company has a market capitalization of $284.07 million, a price-to-earnings ratio of 16.35 and a beta of 3.31.
Institutional Investors Weigh In On ProShares UltraPro Russell 2000
A number of hedge funds have recently modified their holdings of the stock. IMC Chicago LLC boosted its holdings in ProShares UltraPro Russell 2000 by 69.1% in the 1st quarter. IMC Chicago LLC now owns 19,451 shares of the company’s stock valued at $1,003,000 after purchasing an additional 7,951 shares during the period. Ascentis Independent Advisors raised its position in shares of ProShares UltraPro Russell 2000 by 93.3% in the first quarter. Ascentis Independent Advisors now owns 8,165 shares of the company’s stock worth $421,000 after buying an additional 3,941 shares in the last quarter. Allegheny Financial Group boosted its stake in ProShares UltraPro Russell 2000 by 63.8% during the first quarter. Allegheny Financial Group now owns 7,943 shares of the company’s stock valued at $409,000 after buying an additional 3,094 shares during the period. Waverly Advisors LLC purchased a new position in ProShares UltraPro Russell 2000 during the second quarter worth about $223,000. Finally, Tucker Asset Management LLC purchased a new position in ProShares UltraPro Russell 2000 during the second quarter worth about $141,000.
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.
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