ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Stock Price Down 0.2% – Here’s Why

Shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTYGet Free Report) were down 0.2% during trading on Wednesday . The stock traded as low as $79.35 and last traded at $80.19. Approximately 969,139 shares changed hands during trading, a decline of 29% from the average daily volume of 1,367,210 shares. The stock had previously closed at $80.33.

ProShares UltraPro Russell 2000 Price Performance

The stock has a market capitalization of $388.68 million, a PE ratio of 16.35 and a beta of 3.32. The firm’s 50 day simple moving average is $65.37 and its 200 day simple moving average is $60.85.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Simplex Trading LLC raised its stake in shares of ProShares UltraPro Russell 2000 by 287.6% during the fourth quarter. Simplex Trading LLC now owns 1,031 shares of the company’s stock worth $55,000 after acquiring an additional 765 shares in the last quarter. Group One Trading LLC increased its stake in shares of 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 buying an additional 1,485 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of ProShares UltraPro Russell 2000 in the fourth quarter worth $99,000. Kestra Advisory Services LLC increased its stake in shares of ProShares UltraPro Russell 2000 by 22.1% in the fourth quarter. Kestra Advisory Services LLC now owns 5,520 shares of the company’s stock worth $294,000 after buying an additional 1,000 shares during the period. Finally, International Private Wealth Advisors LLC purchased a new position in shares of ProShares UltraPro Russell 2000 in the fourth quarter worth $308,000.

ProShares UltraPro Russell 2000 Company Profile

(Get Free Report)

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.

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