119,587 Shares in ProShares Ultra Russell 2000 $UWM Bought by Client First Investment Management LLC

Client First Investment Management LLC bought a new stake in ProShares Ultra Russell 2000 (NYSEARCA:UWM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 119,587 shares of the company’s stock, valued at approximately $8,040,000. ProShares Ultra Russell 2000 comprises about 3.4% of Client First Investment Management LLC’s portfolio, making the stock its 4th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra Russell 2000 in the 4th quarter worth about $3,344,000. OLD Mission Capital LLC bought a new position in shares of ProShares Ultra Russell 2000 during the 4th quarter valued at about $1,517,000. CWM LLC raised its holdings in shares of ProShares Ultra Russell 2000 by 91.6% during the 4th quarter. CWM LLC now owns 63,004 shares of the company’s stock valued at $2,962,000 after buying an additional 30,122 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of ProShares Ultra Russell 2000 by 60.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 47,015 shares of the company’s stock valued at $1,771,000 after buying an additional 17,689 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in ProShares Ultra Russell 2000 in the 1st quarter worth approximately $677,000.

ProShares Ultra Russell 2000 Price Performance

Shares of NYSEARCA UWM opened at $67.25 on Friday. ProShares Ultra Russell 2000 has a one year low of $38.70 and a one year high of $68.32. The firm’s 50 day simple moving average is $64.38 and its two-hundred day simple moving average is $57.42. The stock has a market capitalization of $248.82 million, a P/E ratio of 13.49 and a beta of 2.21.

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.