ProShares Ultra SmallCap600 (NYSEARCA:SAA) Sees Significant Decrease in Short Interest

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 216 shares, a drop of 68.6% from the September 15th total of 687 shares. Based on an average daily volume of 2,849 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

ProShares Ultra SmallCap600 Stock Performance

Shares of NYSEARCA:SAA traded up $0.05 during midday trading on Tuesday, hitting $32.17. 122 shares of the stock were exchanged, compared to its average volume of 5,200. The stock has a market capitalization of $25.74 million, a price-to-earnings ratio of 15.32 and a beta of 2.06. The business’s 50-day moving average price is $34.80 and its 200 day moving average price is $33.91. ProShares Ultra SmallCap600 has a 12 month low of $22.57 and a 12 month high of $38.94.

Institutional Investors Weigh In On ProShares Ultra SmallCap600

A hedge fund recently bought a new position in ProShares Ultra SmallCap600 stock. Toth Financial Advisory Corp bought a new position in shares of ProShares Ultra SmallCap600 (NYSEARCA:SAA) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 914 shares of the company’s stock, valued at approximately $29,000. Toth Financial Advisory Corp owned about 0.11% of ProShares Ultra SmallCap600 at the end of the most recent reporting 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.