ProShares Ultra Russell 2000 (NYSEARCA:UWM) Sees Large Drop in Short Interest

ProShares Ultra Russell 2000 (NYSEARCA:UWMGet Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 195,764 shares, a decline of 45.5% from the June 15th total of 359,527 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 287,786 shares, the short-interest ratio is presently 0.7 days.

ProShares Ultra Russell 2000 Trading Up 0.6%

Shares of ProShares Ultra Russell 2000 stock opened at $64.48 on Wednesday. ProShares Ultra Russell 2000 has a 12-month low of $36.18 and a 12-month high of $68.32. The firm has a market capitalization of $274.04 million, a price-to-earnings ratio of 13.49 and a beta of 2.20. The firm’s 50 day simple moving average is $62.95 and its two-hundred day simple moving average is $55.71.

Institutional Investors Weigh In On ProShares Ultra Russell 2000

A number of large investors have recently made changes to their positions in UWM. Flow Traders U.S. LLC purchased a new position in ProShares Ultra Russell 2000 in the 2nd quarter worth $263,000. Orion Porfolio Solutions LLC purchased a new stake in ProShares Ultra Russell 2000 during the 2nd quarter valued at about $440,000. Tower Research Capital LLC TRC grew its stake in ProShares Ultra Russell 2000 by 60.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 47,015 shares of the company’s stock valued at $1,771,000 after purchasing an additional 17,689 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of ProShares Ultra Russell 2000 in the third quarter valued at about $120,000. Finally, Polymer Capital Management HK LTD acquired a new position in shares of ProShares Ultra Russell 2000 in the third quarter valued at about $417,000.

ProShares Ultra Russell 2000 Company Profile

(Get Free Report)

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.

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