Genesee Capital Advisors LLC increased its stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM – Free Report) by 63.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,663 shares of the company’s stock after buying an additional 12,629 shares during the period. Genesee Capital Advisors LLC owned about 0.86% of ProShares Ultra Russell 2000 worth $1,853,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in UWM. Integrated Wealth Concepts LLC purchased a new position in ProShares Ultra Russell 2000 during the 2nd quarter valued at about $40,000. Bogart Wealth LLC purchased a new position in shares of ProShares Ultra Russell 2000 in the 1st quarter worth about $47,000. Legacy Wealth Partners LLC raised its holdings in shares of ProShares Ultra Russell 2000 by 4.6% during the 1st quarter. Legacy Wealth Partners LLC now owns 29,802 shares of the company’s stock valued at $1,391,000 after buying an additional 1,306 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of ProShares Ultra Russell 2000 during the 2nd quarter valued at about $241,000. Finally, Independent Financial Group LLC bought a new stake in ProShares Ultra Russell 2000 in the 1st quarter worth approximately $677,000.
ProShares Ultra Russell 2000 Stock Performance
UWM traded up $1.66 during midday trading on Tuesday, hitting $55.46. The stock had a trading volume of 474,301 shares, compared to its average volume of 451,099. The company has a market cap of $210.74 million, a P/E ratio of 13.49 and a beta of 2.25. The business has a fifty day moving average of $61.26 and a 200 day moving average of $61.17. ProShares Ultra Russell 2000 has a 1 year low of $40.92 and a 1 year high of $68.82.
ProShares Ultra Russell 2000 Profile
The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.
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