Short Interest in ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Expands By 123.7%

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 434,223 shares, an increase of 123.7% from the March 31st total of 194,074 shares. Based on an average daily trading volume, of 1,845,599 shares, the days-to-cover ratio is currently 0.2 days. Currently, 15.0% of the company’s shares are short sold.

ProShares UltraPro Short Russell 2000 Trading Down 1.1%

NYSEARCA SRTY traded down $0.31 on Friday, hitting $28.50. The company’s stock had a trading volume of 2,083,988 shares, compared to its average volume of 1,838,107. ProShares UltraPro Short Russell 2000 has a 52-week low of $27.52 and a 52-week high of $101.48. The company’s 50-day simple moving average is $36.07 and its 200 day simple moving average is $39.30.

Institutional Investors Weigh In On ProShares UltraPro Short Russell 2000

Institutional investors and hedge funds have recently bought and sold shares of the business. Group One Trading LLC lifted its holdings in ProShares UltraPro Short Russell 2000 by 278.0% in the 3rd quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock worth $69,000 after buying an additional 4,286 shares during the period. JPMorgan Chase & Co. lifted 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 during the period. Qube Research & Technologies Ltd lifted its holdings 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 period. StoneX Group Inc. purchased a new stake in ProShares UltraPro Short Russell 2000 in the 2nd quarter worth approximately $173,000. Finally, XTX Topco Ltd purchased a new stake in ProShares UltraPro Short Russell 2000 in the 4th quarter worth approximately $508,000.

About ProShares UltraPro Short Russell 2000

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).