Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Expands By 21.9%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,964 shares, a growth of 21.9% from the January 15th total of 1,611 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 5,430 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 5,430 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

ProShares Ultra SmallCap600 Price Performance

NYSEARCA:SAA opened at $30.29 on Tuesday. The business’s 50-day moving average is $28.30 and its two-hundred day moving average is $26.17. The firm has a market capitalization of $25.14 million, a PE ratio of 15.32 and a beta of 2.18. ProShares Ultra SmallCap600 has a 12 month low of $15.22 and a 12 month high of $31.26.

Institutional Trading of ProShares Ultra SmallCap600

Several large investors have recently bought and sold shares of SAA. Bank of America Corp DE acquired a new position in shares of ProShares Ultra SmallCap600 during the second quarter worth $129,000. Osaic Holdings Inc. lifted its holdings in ProShares Ultra SmallCap600 by 532.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after buying an additional 6,702 shares in the last quarter. Corient Private Wealth LLC boosted its position in ProShares Ultra SmallCap600 by 14.0% in the 2nd quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after buying an additional 4,439 shares during the last quarter. Finally, LTG Capital LLC grew its stake in shares of ProShares Ultra SmallCap600 by 1.1% during the second quarter. LTG Capital LLC now owns 355,707 shares of the company’s stock valued at $7,872,000 after acquiring an additional 4,000 shares in the last quarter.

About ProShares Ultra SmallCap600

ProShares Ultra SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.