ProShares Ultra Russell 2000 (NYSEARCA:UWM – Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 152,710 shares, a growth of 122.3% from the March 31st total of 68,700 shares. Based on an average daily volume of 373,902 shares, the short-interest ratio is currently 0.4 days. Currently, 3.5% of the company’s stock are sold short.
ProShares Ultra Russell 2000 Stock Down 2.7%
UWM stock traded down $1.54 during trading on Tuesday, reaching $56.44. The stock had a trading volume of 169,182 shares, compared to its average volume of 689,691. ProShares Ultra Russell 2000 has a one year low of $29.78 and a one year high of $59.15. The company’s 50 day moving average is $50.95 and its two-hundred day moving average is $49.89. The company has a market capitalization of $251.16 million, a price-to-earnings ratio of 13.49 and a beta of 2.17.
Institutional Trading of ProShares Ultra Russell 2000
Institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in ProShares Ultra Russell 2000 during the fourth quarter worth $3,344,000. Wealthcare Advisory Partners LLC bought a new position in ProShares Ultra Russell 2000 in the 4th quarter valued at $3,201,000. Capital Investment Advisory Services LLC increased its position in shares of ProShares Ultra Russell 2000 by 786.0% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 38,100 shares of the company’s stock valued at $1,766,000 after purchasing an additional 33,800 shares during the last quarter. CWM LLC purchased a new stake in shares of ProShares Ultra Russell 2000 during the 3rd quarter valued at $1,524,000. Finally, OLD Mission Capital LLC bought a new stake in shares of ProShares Ultra Russell 2000 during the 4th quarter worth $1,517,000.
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.
Recommended Stories
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.
