ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 267,871 shares, a drop of 38.3% from the April 15th total of 434,223 shares. Based on an average daily volume of 2,244,031 shares, the short-interest ratio is currently 0.1 days. Currently, 9.3% of the shares of the stock are short sold.
ProShares UltraPro Short Russell 2000 Trading Up 7.3%
SRTY traded up $1.92 on Friday, hitting $28.05. 2,319,473 shares of the stock were exchanged, compared to its average volume of 1,948,181. ProShares UltraPro Short Russell 2000 has a 12 month low of $25.30 and a 12 month high of $88.00. The business has a 50-day moving average of $34.19 and a two-hundred day moving average of $37.72.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Ridgepath Capital Management LLC acquired a new stake in ProShares UltraPro Short Russell 2000 during the 1st quarter worth approximately $5,588,000. Jump Financial LLC bought a new position in shares of ProShares UltraPro Short Russell 2000 during the fourth quarter valued at $4,824,000. UBS Group AG lifted its holdings in shares of ProShares UltraPro Short Russell 2000 by 6,059.5% during the third quarter. UBS Group AG now owns 100,955 shares of the exchange traded fund’s stock worth $1,187,000 after purchasing an additional 99,316 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of ProShares UltraPro Short Russell 2000 by 180.7% during the third quarter. Qube Research & Technologies Ltd now owns 24,338 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 15,668 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares UltraPro Short Russell 2000 in the 2nd quarter valued at $347,000.
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).
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