Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Decreases By 48.0%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 8,291 shares, a decline of 48.0% from the February 26th total of 15,951 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 4,894 shares, the short-interest ratio is currently 1.7 days.

ProShares Ultra SmallCap600 Trading Up 1.7%

Shares of NYSEARCA:SAA opened at $27.32 on Thursday. The stock’s 50-day moving average price is $28.88 and its 200-day moving average price is $26.93. ProShares Ultra SmallCap600 has a 12-month low of $15.22 and a 12-month high of $31.26. The stock has a market capitalization of $22.68 million, a P/E ratio of 15.32 and a beta of 2.18.

ProShares Ultra SmallCap600 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a dividend of $0.0389 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.16 annualized dividend and a yield of 0.6%.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

A number of large investors have recently bought and sold shares of SAA. Corient Private Wealth LLC lifted its position in ProShares Ultra SmallCap600 by 14.0% in the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after purchasing an additional 4,439 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of ProShares Ultra SmallCap600 by 532.8% in the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after purchasing an additional 6,702 shares during the last quarter. Bank of America Corp DE bought a new position in shares of ProShares Ultra SmallCap600 in the second quarter worth approximately $129,000. Finally, LTG Capital LLC increased its stake in shares of ProShares Ultra SmallCap600 by 0.8% in the third quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock worth $9,181,000 after buying an additional 2,720 shares during the period.

About ProShares Ultra SmallCap600

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.