ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Stock Price Up 1.6% – Should You Buy?

Shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTYGet Free Report) rose 1.6% on Monday . The company traded as high as $73.82 and last traded at $73.11. 220,297 shares were traded during trading, a decline of 79% from the average session volume of 1,027,414 shares. The stock had previously closed at $71.99.

ProShares UltraPro Russell 2000 Trading Up 1.6%

The company has a market capitalization of $296.10 million, a price-to-earnings ratio of 16.35 and a beta of 3.31. The company has a 50-day moving average of $81.29 and a 200-day moving average of $73.96.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. IMC Chicago LLC lifted its holdings in ProShares UltraPro Russell 2000 by 69.1% in the first quarter. IMC Chicago LLC now owns 19,451 shares of the company’s stock valued at $1,003,000 after acquiring an additional 7,951 shares during the period. Founders Financial Securities LLC grew its position in shares of ProShares UltraPro Russell 2000 by 3.8% in the first quarter. Founders Financial Securities LLC now owns 8,624 shares of the company’s stock valued at $445,000 after purchasing an additional 314 shares during the period. Ascentis Independent Advisors increased its stake in ProShares UltraPro Russell 2000 by 93.3% during the 1st quarter. Ascentis Independent Advisors now owns 8,165 shares of the company’s stock worth $421,000 after buying an additional 3,941 shares in the last quarter. Allegheny Financial Group grew its holdings in shares of ProShares UltraPro Russell 2000 by 63.8% during the first quarter. Allegheny Financial Group now owns 7,943 shares of the company’s stock worth $409,000 after buying an additional 3,094 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new stake in ProShares UltraPro Russell 2000 during the 2nd quarter valued at about $223,000.

ProShares UltraPro Russell 2000 Company Profile

(Get Free Report)

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.

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