ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Stock Price Up 1.8% – Still a Buy?

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) shares traded up 1.8% during mid-day trading on Thursday . The stock traded as high as $53.53 and last traded at $52.03. 1,893,003 shares changed hands during trading, an increase of 19% from the average session volume of 1,591,796 shares. The stock had previously closed at $51.09.

ProShares UltraPro Russell 2000 Stock Performance

The company has a market capitalization of $296.52 million, a price-to-earnings ratio of 16.35 and a beta of 3.42. The firm has a 50-day simple moving average of $61.37 and a two-hundred day simple moving average of $56.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC grew its holdings in ProShares UltraPro Russell 2000 by 249.9% during the 2nd quarter. Flow Traders U.S. LLC now owns 98,991 shares of the company’s stock valued at $3,897,000 after purchasing an additional 70,701 shares in the last quarter. Bank of America Corp DE acquired a new position in ProShares UltraPro Russell 2000 in the 2nd quarter worth $868,000. Group One Trading LLC lifted its holdings in ProShares UltraPro Russell 2000 by 548.0% in the 2nd quarter. Group One Trading LLC now owns 1,756 shares of the company’s stock worth $69,000 after buying an additional 1,485 shares in the last quarter. Tidal Investments LLC purchased a new position in ProShares UltraPro Russell 2000 in the 2nd quarter valued at about $598,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of ProShares UltraPro Russell 2000 during the third quarter valued at about $777,000.

About ProShares UltraPro Russell 2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.