Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Expands By 21.9%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,964 shares, an increase of 21.9% from the January 15th total of 1,611 shares. Based on an average daily volume of 5,430 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 5,430 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra SmallCap600 Trading Up 2.4%

SAA stock opened at $30.29 on Tuesday. The firm has a market cap of $25.14 million, a PE ratio of 15.32 and a beta of 2.18. ProShares Ultra SmallCap600 has a 1 year low of $15.22 and a 1 year high of $31.26. The company has a fifty day simple moving average of $28.30 and a 200 day simple moving average of $26.17.

Institutional Trading of ProShares Ultra SmallCap600

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in shares of ProShares Ultra SmallCap600 during the second quarter worth approximately $129,000. Osaic Holdings Inc. grew its stake in shares of ProShares Ultra SmallCap600 by 532.8% in 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 last quarter. 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. Finally, LTG Capital LLC raised its stake in ProShares Ultra SmallCap600 by 1.1% during the 2nd quarter. LTG Capital LLC now owns 355,707 shares of the company’s stock valued at $7,872,000 after purchasing an additional 4,000 shares during the last quarter.

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.