ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Short Interest Down 53.4% in December

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 254,258 shares, a decline of 53.4% from the December 15th total of 545,606 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily trading volume, of 889,464 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 889,464 shares, the short-interest ratio is currently 0.3 days. Currently, 3.9% of the company’s shares are sold short.

ProShares UltraPro Russell 2000 Price Performance

Shares of NYSEARCA:URTY traded up $1.31 during trading on Wednesday, reaching $64.56. 1,193,404 shares of the company were exchanged, compared to its average volume of 1,592,745. The business’s fifty day simple moving average is $54.96 and its 200-day simple moving average is $50.80. ProShares UltraPro Russell 2000 has a 12-month low of $21.15 and a 12-month high of $64.74. The firm has a market capitalization of $419.64 million, a PE ratio of 16.35 and a beta of 3.42.

Institutional Investors Weigh In On ProShares UltraPro Russell 2000

A number of institutional investors and hedge funds have recently bought and sold shares of URTY. Stratos Wealth Partners LTD. lifted its holdings in shares of ProShares UltraPro Russell 2000 by 5.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,480 shares of the company’s stock worth $396,000 after buying an additional 401 shares during the period. Founders Financial Securities LLC raised its holdings in shares of ProShares UltraPro Russell 2000 by 11.4% in the third quarter. Founders Financial Securities LLC now owns 8,282 shares of the company’s stock valued at $439,000 after acquiring an additional 850 shares in the last quarter. Millington Financial Advisors LLC raised its holdings in shares of ProShares UltraPro Russell 2000 by 10.6% in the third quarter. Millington Financial Advisors LLC now owns 12,577 shares of the company’s stock valued at $680,000 after acquiring an additional 1,207 shares in the last quarter. Group One Trading LLC lifted its stake in ProShares UltraPro Russell 2000 by 548.0% in the second quarter. Group One Trading LLC now owns 1,756 shares of the company’s stock worth $69,000 after acquiring an additional 1,485 shares during the period. Finally, Golden State Equity Partners bought a new position in ProShares UltraPro Russell 2000 during the 3rd quarter worth about $228,000.

ProShares UltraPro Russell 2000 Company Profile

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.