ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Sees Significant Increase in Short Interest

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 270,729 shares, an increase of 151.7% from the February 26th total of 107,555 shares. Approximately 10.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,926,896 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 1,926,896 shares, the short-interest ratio is currently 0.1 days. Approximately 10.9% of the company’s stock are sold short.

ProShares UltraPro Short Russell 2000 Trading Down 4.3%

Shares of NYSEARCA:SRTY traded down $1.72 during trading on Wednesday, reaching $38.30. 1,158,990 shares of the stock traded hands, compared to its average volume of 1,767,566. The stock has a 50-day moving average of $36.03 and a two-hundred day moving average of $41.39. ProShares UltraPro Short Russell 2000 has a 52-week low of $31.58 and a 52-week high of $149.08.

ProShares UltraPro Short Russell 2000 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.2735 per share. This represents a $1.09 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Group One Trading LLC lifted its holdings in shares of ProShares UltraPro Short Russell 2000 by 278.0% during the third quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 4,286 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in ProShares UltraPro Short Russell 2000 by 495.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 5,498 shares in the last quarter. Qube Research & Technologies Ltd raised its position in ProShares UltraPro Short Russell 2000 by 3,171.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock worth $148,000 after buying an additional 8,405 shares during the last quarter. StoneX Group Inc. purchased a new position in ProShares UltraPro Short Russell 2000 in the 2nd quarter worth about $173,000. Finally, XTX Topco Ltd bought a new position in ProShares UltraPro Short Russell 2000 during the 4th quarter valued at about $508,000.

ProShares UltraPro Short Russell 2000 Company Profile

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).