ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,620 shares, a decline of 74.7% from the May 14th total of 18,249 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 5,920 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

Several institutional investors and hedge funds have recently bought and sold shares of SAA. Bank of America Corp DE acquired a new position in ProShares Ultra SmallCap600 in the 2nd quarter valued at about $129,000. Osaic Holdings Inc. boosted 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 valued at $176,000 after purchasing an additional 6,702 shares during the last quarter. Corient Private Wealth LLC boosted its holdings 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 purchasing an additional 4,439 shares during the last quarter. Finally, LTG Capital LLC lifted its stake in shares of ProShares Ultra SmallCap600 by 0.8% in the 3rd quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after purchasing an additional 2,720 shares during the last quarter.

ProShares Ultra SmallCap600 Stock Up 4.7%

NYSEARCA:SAA traded up $1.55 on Thursday, hitting $34.77. The stock had a trading volume of 1,745 shares, compared to its average volume of 6,082. The stock has a market cap of $28.16 million, a price-to-earnings ratio of 15.32 and a beta of 2.04. The company has a fifty day moving average price of $31.76 and a two-hundred day moving average price of $29.27. ProShares Ultra SmallCap600 has a 1-year low of $20.51 and a 1-year high of $34.77.

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.