ProShares Russell 2000 High Income ETF (BATS:ITWO) Sees Large Decrease in Short Interest

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

Hedge Funds Weigh In On ProShares Russell 2000 High Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITWO. SageGuard Financial Group LLC boosted its holdings in shares of ProShares Russell 2000 High Income ETF by 69.8% in the 1st quarter. SageGuard Financial Group LLC now owns 77,207 shares of the company’s stock worth $3,071,000 after acquiring an additional 31,743 shares in the last quarter. Rothschild Capital Partners LLC acquired a new position in ProShares Russell 2000 High Income ETF in the second quarter worth $1,025,000. Bleakley Financial Group LLC bought a new stake in shares of ProShares Russell 2000 High Income ETF during the fourth quarter worth $9,285,000. Integrated Wealth Concepts LLC grew 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 last quarter. Finally, Endeavor Private Wealth Inc. grew its holdings in shares of ProShares Russell 2000 High Income ETF by 5.8% during the second quarter. Endeavor Private Wealth Inc. now owns 11,489 shares of the company’s stock worth $540,000 after purchasing an additional 630 shares during the last quarter.

ProShares Russell 2000 High Income ETF Stock Performance

Shares of BATS:ITWO opened at $44.02 on Wednesday. ProShares Russell 2000 High Income ETF has a 52 week low of $37.09 and a 52 week high of $47.19. The company’s fifty day moving average is $45.83 and its 200-day moving average is $44.04. The company has a market capitalization of $57.23 million and a PE 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.