ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Shares Down 5% – Should You Sell?

Shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTY) traded down 5% on Friday. The company traded as low as $65.21 and last traded at $67.06. 506,673 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 943,667 shares. The stock had previously closed at $70.56.

ProShares UltraPro Russell 2000 Stock Performance

The firm has a market cap of $278.30 million, a P/E ratio of 16.35 and a beta of 3.37. The stock has a fifty day simple moving average of $71.88 and a 200 day simple moving average of $71.22.

Institutional Trading of ProShares UltraPro Russell 2000

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC increased its stake in ProShares UltraPro Russell 2000 by 69.1% during the 1st quarter. IMC Chicago LLC now owns 19,451 shares of the company’s stock worth $1,003,000 after buying an additional 7,951 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in shares of ProShares UltraPro Russell 2000 during the third quarter worth $779,000. Founders Financial Securities LLC acquired a new position in shares of ProShares UltraPro Russell 2000 in the third quarter valued at approximately $664,000. Axxcess Wealth Management LLC acquired a new position in shares of ProShares UltraPro Russell 2000 during the third quarter worth about $485,000. Finally, Ascentis Independent Advisors increased its holdings in ProShares UltraPro Russell 2000 by 93.3% in the first quarter. Ascentis Independent Advisors now owns 8,165 shares of the company’s stock valued at $421,000 after buying an additional 3,941 shares during the last quarter.

ProShares UltraPro Russell 2000 Company Profile

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.