Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Rises By 630.3%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 14,344 shares, a growth of 630.3% from the January 29th total of 1,964 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 8,308 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 8,308 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.7% of the company’s shares are sold short.

ProShares Ultra SmallCap600 Price Performance

Shares of SAA stock traded down $0.25 during trading on Thursday, hitting $29.87. 976 shares of the stock traded hands, compared to its average volume of 5,733. ProShares Ultra SmallCap600 has a 52-week low of $15.22 and a 52-week high of $31.26. The firm has a market capitalization of $24.79 million, a P/E ratio of 15.32 and a beta of 2.18. The firm’s fifty day moving average price is $28.72 and its 200-day moving average price is $26.53.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

A number of hedge funds have recently modified their holdings of the business. LTG Capital LLC increased its stake in ProShares Ultra SmallCap600 by 0.8% during the 3rd quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock worth $9,181,000 after buying an additional 2,720 shares during the period. Corient Private Wealth LLC raised its stake in shares of ProShares Ultra SmallCap600 by 14.0% in the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after acquiring an additional 4,439 shares in the last quarter. Bank of America Corp DE acquired a new position in ProShares Ultra SmallCap600 during the 2nd quarter worth $129,000. Finally, Osaic Holdings Inc. increased its holdings in ProShares Ultra SmallCap600 by 532.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after purchasing an additional 6,702 shares during the period.

ProShares Ultra SmallCap600 Company Profile

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.