ProShares Russell 2000 High Income ETF (BATS:ITWO) Short Interest Down 37.9% in August

ProShares Russell 2000 High Income ETF (BATS:ITWO) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 8,153 shares, a decline of 37.9% from the August 15th total of 13,119 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 30,038 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On ProShares Russell 2000 High Income ETF

Hedge funds have recently made changes to their positions in the company. Endeavor Private Wealth Inc. boosted its position in ProShares Russell 2000 High Income ETF by 5.8% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 11,489 shares of the company’s stock worth $540,000 after acquiring an additional 630 shares during the period. MJP Associates Inc. ADV lifted its position in shares of ProShares Russell 2000 High Income ETF by 11.6% in the fourth quarter. MJP Associates Inc. ADV now owns 13,275 shares of the company’s stock worth $527,000 after purchasing an additional 1,379 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of ProShares Russell 2000 High Income ETF in the fourth quarter worth approximately $64,000. Integrated Wealth Concepts LLC boosted its holdings in shares of ProShares Russell 2000 High Income ETF by 22.6% during the second quarter. Integrated Wealth Concepts LLC now owns 9,691 shares of the company’s stock worth $455,000 after purchasing an additional 1,788 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of ProShares Russell 2000 High Income ETF by 34.0% during the first quarter. Sunbelt Securities Inc. now owns 7,907 shares of the company’s stock worth $315,000 after purchasing an additional 2,007 shares during the period.

ProShares Russell 2000 High Income ETF Price Performance

Shares of ITWO opened at $43.95 on Thursday. ProShares Russell 2000 High Income ETF has a one year low of $37.09 and a one year high of $47.19. The company has a 50-day moving average of $45.79 and a two-hundred day moving average of $44.05. The stock has a market cap of $57.13 million and a price-to-earnings ratio of 17.43.

ProShares Russell 2000 High Income ETF Company Profile

The ProShares Russell 2000 High Income ETF (ITWO) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index that holds Russell 2000 stocks and sells daily call options on the same index. The fund primarily uses swaps to replicate the buy-write strategy in replicating returns of the sub-index. ITWO was launched on Sep 4, 2024 and is issued by ProShares.