Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Declines By 59.5%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 4,154 shares, a drop of 59.5% from the August 15th total of 10,257 shares. Based on an average trading volume of 2,519 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.5% of the company’s stock are sold short.

ProShares Ultra SmallCap600 Stock Down 1.3%

Shares of SAA traded down $0.43 during mid-day trading on Tuesday, reaching $33.43. 10,817 shares of the stock traded hands, compared to its average volume of 5,513. The firm has a market cap of $27.08 million, a price-to-earnings ratio of 15.32 and a beta of 2.02. The stock has a fifty day simple moving average of $36.48 and a 200 day simple moving average of $33.20. ProShares Ultra SmallCap600 has a 12-month low of $22.57 and a 12-month high of $38.94.

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.