Bard Associates Inc. lessened its holdings in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) by 9.1% during the 4th quarter, HoldingsChannel reports. The fund owned 18,015 shares of the company’s stock after selling 1,808 shares during the quarter. Bard Associates Inc.’s holdings in ProShares Ultra Russell2000 were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of ProShares Ultra Russell2000 by 62.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock worth $112,000 after acquiring an additional 1,003 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of ProShares Ultra Russell2000 during the 3rd quarter worth $147,000. Arizona PSPRS Trust purchased a new position in shares of ProShares Ultra Russell2000 during the 3rd quarter worth $215,000. US Bancorp DE purchased a new position in shares of ProShares Ultra Russell2000 during the 4th quarter valued at $224,000. Finally, Sigma Planning Corp purchased a new position in shares of ProShares Ultra Russell2000 during the 4th quarter valued at $225,000.
ProShares Ultra Russell2000 Stock Performance
UWM opened at $36.80 on Tuesday. ProShares Ultra Russell2000 has a fifty-two week low of $33.57 and a fifty-two week high of $51.87. The firm’s fifty day moving average is $42.55 and its 200 day moving average is $43.54. The stock has a market cap of $362.48 million, a price-to-earnings ratio of 16.43 and a beta of 2.33.
ProShares Ultra Russell2000 Company Profile
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.
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Want to see what other hedge funds are holding UWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report).
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