ProShares Ultra Russell 2000 $UWM Shares Purchased by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lifted its position in ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 63.0% during the 3rd quarter, Holdings Channel reports. The firm owned 32,663 shares of the company’s stock after acquiring an additional 12,629 shares during the period. Genesee Capital Advisors LLC’s holdings in ProShares Ultra Russell 2000 were worth $1,853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new stake in shares of ProShares Ultra Russell 2000 in the 3rd quarter valued at $5,514,000. Integrated Wealth Concepts LLC purchased a new position in ProShares Ultra Russell 2000 during the second quarter worth approximately $40,000. Client First Investment Management LLC purchased a new stake in shares of ProShares Ultra Russell 2000 in the 2nd quarter valued at approximately $8,040,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of ProShares Ultra Russell 2000 during the 2nd quarter worth about $241,000. Finally, Independent Financial Group LLC purchased a new stake in ProShares Ultra Russell 2000 in the first quarter valued at approximately $677,000.

ProShares Ultra Russell 2000 Stock Up 3.1%

NYSEARCA:UWM traded up $1.66 on Tuesday, reaching $55.46. 474,301 shares of the company’s stock were exchanged, compared to its average volume of 451,099. ProShares Ultra Russell 2000 has a 52-week low of $40.92 and a 52-week high of $68.82. The business has a fifty day moving average of $61.26 and a 200-day moving average of $61.17. The firm has a market capitalization of $210.74 million, a price-to-earnings ratio of 13.49 and a beta of 2.25.

ProShares Ultra Russell 2000 Company Profile

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.