ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Stock Price Down 2.8% – Should You Sell?

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) traded down 2.8% during mid-day trading on Wednesday . The stock traded as low as $78.97 and last traded at $81.34. 549,483 shares were traded during trading, a decline of 58% from the average session volume of 1,295,149 shares. The stock had previously closed at $83.70.

ProShares UltraPro Russell 2000 Price Performance

The firm has a market capitalization of $333.49 million, a price-to-earnings ratio of 16.35 and a beta of 3.29. The business’s fifty day simple moving average is $78.58 and its 200 day simple moving average is $66.69.

Institutional Trading of ProShares UltraPro Russell 2000

Several large investors have recently made changes to their positions in the company. IMC Chicago LLC increased its position in ProShares UltraPro Russell 2000 by 69.1% in the 1st quarter. IMC Chicago LLC now owns 19,451 shares of the company’s stock valued at $1,003,000 after buying an additional 7,951 shares in the last quarter. Ascentis Independent Advisors grew its stake in ProShares UltraPro Russell 2000 by 93.3% in the first quarter. Ascentis Independent Advisors now owns 8,165 shares of the company’s stock valued at $421,000 after acquiring an additional 3,941 shares during the period. Allegheny Financial Group grew its stake in ProShares UltraPro Russell 2000 by 63.8% in the first quarter. Allegheny Financial Group now owns 7,943 shares of the company’s stock valued at $409,000 after acquiring an additional 3,094 shares during the period. Founders Financial Securities LLC increased its holdings in shares of ProShares UltraPro Russell 2000 by 3.8% during the first quarter. Founders Financial Securities LLC now owns 8,624 shares of the company’s stock valued at $445,000 after acquiring an additional 314 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of ProShares UltraPro Russell 2000 during the fourth quarter valued at approximately $7,103,000.

ProShares UltraPro Russell 2000 Company Profile

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.