ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Short Interest Down 53.4% in December

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 254,258 shares, a drop of 53.4% from the December 15th total of 545,606 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average trading volume of 889,464 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 889,464 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.9% of the company’s stock are short sold.

ProShares UltraPro Russell 2000 Stock Performance

Shares of NYSEARCA:URTY traded up $1.66 during trading hours on Thursday, reaching $66.22. The stock had a trading volume of 1,562,405 shares, compared to its average volume of 1,590,274. ProShares UltraPro Russell 2000 has a 1 year low of $21.15 and a 1 year high of $67.36. The firm’s 50 day moving average is $55.28 and its 200-day moving average is $50.91. The stock has a market capitalization of $430.43 million, a price-to-earnings ratio of 16.35 and a beta of 3.42.

Hedge Funds Weigh In On ProShares UltraPro Russell 2000

Several large investors have recently bought and sold shares of the stock. Group One Trading LLC lifted its holdings in ProShares UltraPro Russell 2000 by 548.0% in the second quarter. Group One Trading LLC now owns 1,756 shares of the company’s stock valued at $69,000 after acquiring an additional 1,485 shares during the period. Golden State Equity Partners acquired a new position in ProShares UltraPro Russell 2000 during the third quarter worth about $228,000. Simplex Trading LLC purchased a new stake in shares of ProShares UltraPro Russell 2000 in the second quarter valued at about $292,000. International Private Wealth Advisors LLC purchased a new stake in shares of ProShares UltraPro Russell 2000 in the fourth quarter valued at about $308,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of ProShares UltraPro Russell 2000 in the third quarter valued at approximately $376,000.

About ProShares UltraPro Russell 2000

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.