Absolute Capital Management LLC bought a new stake in ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 22,738 shares of the company’s stock, valued at approximately $954,000. Absolute Capital Management LLC owned approximately 0.41% of ProShares Ultra Russell2000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in shares of ProShares Ultra Russell2000 by 62.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock valued at $112,000 after purchasing an additional 1,003 shares in the last quarter. Arizona PSPRS Trust acquired a new stake in shares of ProShares Ultra Russell2000 in the 3rd quarter valued at $215,000. US Bancorp DE acquired a new stake in shares of ProShares Ultra Russell2000 in the 4th quarter valued at $224,000. Sigma Planning Corp acquired a new stake in shares of ProShares Ultra Russell2000 in the 4th quarter valued at $225,000. Finally, Principal Securities Inc. acquired a new stake in shares of ProShares Ultra Russell2000 in the 4th quarter valued at $240,000.
ProShares Ultra Russell2000 Stock Performance
Shares of UWM stock opened at $35.47 on Friday. The stock’s fifty day moving average price is $40.61 and its two-hundred day moving average price is $42.92. The company has a market cap of $342.29 million, a PE ratio of 15.04 and a beta of 2.37. ProShares Ultra Russell2000 has a fifty-two week low of $32.67 and a fifty-two week high of $51.87.
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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