Short Interest in ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Expands By 225.8%

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 818,212 shares, an increase of 225.8% from the May 31st total of 251,116 shares. Based on an average trading volume of 4,247,656 shares, the days-to-cover ratio is presently 0.2 days. Approximately 28.3% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares UltraPro Short Russell 2000

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in ProShares UltraPro Short Russell 2000 by 495.3% in the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock valued at $113,000 after buying an additional 5,498 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in ProShares UltraPro Short Russell 2000 during the 2nd quarter worth approximately $347,000. StoneX Group Inc. acquired a new stake in ProShares UltraPro Short Russell 2000 during the 2nd quarter valued at approximately $173,000. Qube Research & Technologies Ltd lifted its stake in ProShares UltraPro Short Russell 2000 by 3,171.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock valued at $148,000 after acquiring an additional 8,405 shares during the period. Finally, Group One Trading LLC boosted its holdings in shares of ProShares UltraPro Short Russell 2000 by 278.0% in the 3rd quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 4,286 shares during the last quarter.

ProShares UltraPro Short Russell 2000 Stock Down 1.0%

ProShares UltraPro Short Russell 2000 stock traded down $0.22 during trading hours on Monday, hitting $21.71. 1,805,695 shares of the stock traded hands, compared to its average volume of 2,315,206. The firm’s 50 day moving average price is $25.89 and its 200-day moving average price is $33.22. ProShares UltraPro Short Russell 2000 has a 1 year low of $21.10 and a 1 year high of $71.44.

About ProShares UltraPro Short Russell 2000

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).