ProShares Ultra SmallCap600 (NYSEARCA:SAA) Shares Shorted: Short Interest Up 1,080.1% in October

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

(Get Free Report)

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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