Short Interest in ProShares Ultra Russell 2000 (NYSEARCA:UWM) Decreases By 26.4%

ProShares Ultra Russell 2000 (NYSEARCA:UWM) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 157,400 shares, a drop of 26.4% from the September 30th total of 214,000 shares. Based on an average trading volume of 409,700 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.9% of the shares of the company are short sold. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 409,700 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Ultra Russell 2000 Stock Down 3.5%

NYSEARCA UWM opened at $45.63 on Wednesday. The company has a market cap of $239.56 million, a PE ratio of 13.49 and a beta of 2.27. ProShares Ultra Russell 2000 has a 52 week low of $24.47 and a 52 week high of $51.87. The firm’s 50-day simple moving average is $46.49 and its two-hundred day simple moving average is $40.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UWM. HHM Wealth Advisors LLC purchased a new position in ProShares Ultra Russell 2000 in the 1st quarter valued at approximately $47,000. North Capital Inc. purchased a new position in shares of ProShares Ultra Russell 2000 in the third quarter valued at $58,000. Northwestern Mutual Wealth Management Co. grew its position in shares of ProShares Ultra Russell 2000 by 924.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,049 shares of the company’s stock valued at $69,000 after purchasing an additional 1,849 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of ProShares Ultra Russell 2000 by 18.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,813 shares of the company’s stock valued at $84,000 after purchasing an additional 276 shares during the period. Finally, Capital Investment Advisory Services LLC lifted its holdings in ProShares Ultra Russell 2000 by 19.4% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,300 shares of the company’s stock worth $144,000 after purchasing an additional 700 shares in the last quarter.

ProShares Ultra Russell 2000 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.