ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Down 74.7% in May

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,620 shares, a decline of 74.7% from the May 14th total of 18,249 shares. Based on an average daily trading volume, of 5,920 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of ProShares Ultra SmallCap600

Institutional investors and hedge funds have recently modified their holdings of the company. LTG Capital LLC lifted its stake in shares of ProShares Ultra SmallCap600 by 0.8% in the third quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock worth $9,181,000 after buying an additional 2,720 shares during the last quarter. Bank of America Corp DE bought a new position in ProShares Ultra SmallCap600 during the second quarter worth $129,000. Osaic Holdings Inc. increased its position in ProShares Ultra SmallCap600 by 532.8% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after acquiring an additional 6,702 shares during the period. Finally, Corient Private Wealth LLC increased its position in ProShares Ultra SmallCap600 by 14.0% during the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock worth $798,000 after acquiring an additional 4,439 shares during the period.

ProShares Ultra SmallCap600 Stock Performance

Shares of ProShares Ultra SmallCap600 stock traded up $0.71 on Friday, reaching $35.48. The stock had a trading volume of 2,582 shares, compared to its average volume of 6,051. The business’s 50-day moving average price is $31.92 and its two-hundred day moving average price is $29.31. ProShares Ultra SmallCap600 has a fifty-two week low of $20.51 and a fifty-two week high of $35.74. The stock has a market cap of $28.74 million, a P/E ratio of 15.32 and a beta of 2.04.

ProShares Ultra SmallCap600 Company Profile

ProShares Ultra SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.