ProShares Ultra Russell 2000 (NYSEARCA:UWM) Short Interest Update

ProShares Ultra Russell 2000 (NYSEARCA:UWM) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 301,251 shares, a growth of 290.4% from the November 30th total of 77,169 shares. Based on an average trading volume of 308,177 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.7% of the company’s stock are sold short. Currently, 5.7% of the company’s stock are sold short. Based on an average trading volume of 308,177 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of ProShares Ultra Russell 2000

Several institutional investors have recently added to or reduced their stakes in UWM. Kestra Advisory Services LLC raised its holdings in shares of ProShares Ultra Russell 2000 by 4.8% during the first quarter. Kestra Advisory Services LLC now owns 75,245 shares of the company’s stock worth $2,516,000 after purchasing an additional 3,451 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ProShares Ultra Russell 2000 by 924.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,049 shares of the company’s stock valued at $69,000 after buying an additional 1,849 shares during the period. Financial Management Network Inc. bought a new stake in shares of ProShares Ultra Russell 2000 during the 2nd quarter valued at about $283,000. Toth Financial Advisory Corp raised its stake in ProShares Ultra Russell 2000 by 12.2% during the second quarter. Toth Financial Advisory Corp now owns 58,129 shares of the company’s stock worth $2,190,000 after acquiring an additional 6,304 shares during the period. Finally, Truist Financial Corp acquired a new position in ProShares Ultra Russell 2000 in the second quarter valued at approximately $222,000.

ProShares Ultra Russell 2000 Stock Performance

Shares of ProShares Ultra Russell 2000 stock traded down $0.54 during trading on Friday, reaching $49.09. The company had a trading volume of 232,695 shares, compared to its average volume of 391,462. ProShares Ultra Russell 2000 has a fifty-two week low of $24.47 and a fifty-two week high of $51.74. The firm’s fifty day moving average is $47.35 and its 200-day moving average is $43.84. The company has a market cap of $257.72 million, a price-to-earnings ratio of 13.49 and a beta of 2.27.

About ProShares Ultra Russell 2000

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.