ProShares Ultra Russell 2000 (NYSEARCA:UWM – Get Free Report) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 106,125 shares, an increase of 93.7% from the January 29th total of 54,779 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 748,605 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 748,605 shares, the short-interest ratio is currently 0.1 days. Currently, 1.9% of the shares of the stock are sold short.
Hedge Funds Weigh In On ProShares Ultra Russell 2000
Several hedge funds and other institutional investors have recently bought and sold shares of UWM. Quadrature Capital Ltd acquired a new stake in ProShares Ultra Russell 2000 in the fourth quarter valued at $3,344,000. OLD Mission Capital LLC acquired a new stake in ProShares Ultra Russell 2000 in the 4th quarter valued at about $1,517,000. Kestra Advisory Services LLC acquired a new stake in ProShares Ultra Russell 2000 in the 4th quarter valued at about $317,000. Federation des caisses Desjardins du Quebec purchased a new position in ProShares Ultra Russell 2000 during the 4th quarter valued at about $47,000. Finally, HRT Financial LP acquired a new position in ProShares Ultra Russell 2000 during the fourth quarter worth about $271,000.
ProShares Ultra Russell 2000 Trading Down 3.4%
Shares of ProShares Ultra Russell 2000 stock opened at $52.31 on Friday. The company has a 50-day moving average of $52.26 and a two-hundred day moving average of $48.23. ProShares Ultra Russell 2000 has a 12-month low of $24.47 and a 12-month high of $56.97. The stock has a market cap of $295.55 million, a PE ratio of 13.49 and a beta of 2.27.
ProShares Ultra Russell 2000 Company Profile
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.
Recommended Stories
- Five stocks we like better than ProShares Ultra Russell 2000
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- Unlocked: Elon Musk’s Next Big IPO
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- Read this or regret it forever
- Silver paying 20% dividend. Plus 68% share gains
Receive News & Ratings for ProShares Ultra Russell 2000 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Russell 2000 and related companies with MarketBeat.com's FREE daily email newsletter.
