ProShares Ultra Russell 2000 $UWM Position Reduced by Global View Capital Management LLC

Global View Capital Management LLC lowered its position in ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 81.2% in the third quarter, HoldingsChannel.com reports. The fund owned 17,707 shares of the company’s stock after selling 76,629 shares during the quarter. Global View Capital Management LLC’s holdings in ProShares Ultra Russell 2000 were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of UWM. Atlatl Advisers LLC lifted its holdings in shares of ProShares Ultra Russell 2000 by 2.5% during the third quarter. Atlatl Advisers LLC now owns 12,766 shares of the company’s stock worth $724,000 after buying an additional 316 shares in the last quarter. Genesee Capital Advisors LLC lifted its stake in ProShares Ultra Russell 2000 by 63.0% during the third quarter. Genesee Capital Advisors LLC now owns 32,663 shares of the company’s stock worth $1,853,000 after purchasing an additional 12,629 shares during the last quarter. Toth Financial Advisory Corp bought a new position in ProShares Ultra Russell 2000 in the third quarter valued at about $5,514,000. Integrated Wealth Concepts LLC acquired a new position in ProShares Ultra Russell 2000 during the 2nd quarter worth approximately $40,000. Finally, Client First Investment Management LLC bought a new position in shares of ProShares Ultra Russell 2000 in the 2nd quarter valued at $8,040,000.

ProShares Ultra Russell 2000 Price Performance

NYSEARCA:UWM opened at $56.94 on Friday. ProShares Ultra Russell 2000 has a one year low of $40.92 and a one year high of $68.82. The firm’s 50 day simple moving average is $59.38 and its 200 day simple moving average is $58.27. The company has a market cap of $216.37 million, a PE ratio of 13.49 and a beta of 2.25.

ProShares Ultra Russell 2000 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.