Short Interest in ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Drops By 71.7%

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 231,782 shares, a decline of 71.7% from the June 15th total of 818,212 shares. Based on an average daily volume of 2,865,503 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.0% of the shares of the stock are sold short.

ProShares UltraPro Short Russell 2000 Stock Up 1.4%

Shares of SRTY stock traded up $0.32 during trading on Friday, hitting $22.43. The company had a trading volume of 1,547,673 shares, compared to its average volume of 2,296,291. The stock’s 50-day moving average is $24.49 and its two-hundred day moving average is $31.92. ProShares UltraPro Short Russell 2000 has a 52 week low of $20.90 and a 52 week high of $71.44.

Hedge Funds Weigh In On ProShares UltraPro Short Russell 2000

A number of institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro Short Russell 2000 during the 1st quarter worth $135,000. Group One Trading LLC raised its position in ProShares UltraPro Short Russell 2000 by 278.0% during the third quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 4,286 shares in the last quarter. JPMorgan Chase & Co. raised its position in ProShares UltraPro Short Russell 2000 by 495.3% during the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock valued at $113,000 after purchasing an additional 5,498 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in ProShares UltraPro Short Russell 2000 by 3,171.7% during the second quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock worth $148,000 after purchasing an additional 8,405 shares during the last quarter. Finally, StoneX Group Inc. bought a new stake in ProShares UltraPro Short Russell 2000 during the second quarter worth about $173,000.

ProShares UltraPro Short Russell 2000 Company Profile

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).