ProShares Ultra SmallCap600 (NYSEARCA:SAA – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,549 shares, an increase of 1,080.1% from the September 30th total of 216 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 4,283 shares, the days-to-cover ratio is currently 0.6 days.
ProShares Ultra SmallCap600 Stock Up 1.0%
SAA stock traded up $0.34 during trading on Tuesday, hitting $32.70. 3,668 shares of the company’s stock traded hands, compared to its average volume of 5,178. ProShares Ultra SmallCap600 has a 52 week low of $22.57 and a 52 week high of $38.94. The stock has a fifty day moving average price of $33.89 and a two-hundred day moving average price of $32.41. The stock has a market capitalization of $25.84 million, a price-to-earnings ratio of 15.32 and a beta of 2.06.
Hedge Funds Weigh In On ProShares Ultra SmallCap600
An institutional investor recently bought a new stake in ProShares Ultra SmallCap600 stock. Toth Financial Advisory Corp acquired a new stake in ProShares Ultra SmallCap600 (NYSEARCA:SAA – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 914 shares of the company’s stock, valued at approximately $29,000. Toth Financial Advisory Corp owned about 0.11% of ProShares Ultra SmallCap600 as of its most recent SEC filing.
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.
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