ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,620 shares, a decline of 74.7% from the May 14th total of 18,249 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 5,920 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

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

ProShares Ultra SmallCap600 Price Performance

SAA traded up $1.55 on Thursday, reaching $34.77. 1,745 shares of the company’s stock were exchanged, compared to its average volume of 6,082. The stock has a market cap of $28.16 million, a PE ratio of 15.32 and a beta of 2.04. ProShares Ultra SmallCap600 has a twelve month low of $20.51 and a twelve month high of $34.77. The stock’s fifty day moving average price is $31.76 and its 200-day moving average price is $29.27.

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.