ProShares Russell 2000 High Income ETF (BATS:ITWO) Short Interest Down 40.7% in July

ProShares Russell 2000 High Income ETF (BATS:ITWO) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 44,542 shares, a decrease of 40.7% from the July 15th total of 75,153 shares. Based on an average daily volume of 23,571 shares, the short-interest ratio is presently 1.9 days. Currently, 3.4% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Russell 2000 High Income ETF

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in ProShares Russell 2000 High Income ETF by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 275,000 shares of the company’s stock worth $9,911,000 after buying an additional 75,000 shares during the last quarter. Focus Partners Wealth lifted its stake in ProShares Russell 2000 High Income ETF by 64.3% in the first quarter. Focus Partners Wealth now owns 11,500 shares of the company’s stock valued at $414,000 after acquiring an additional 4,500 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in ProShares Russell 2000 High Income ETF in the second quarter valued at $389,000. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Russell 2000 High Income ETF in the 3rd quarter valued at about $249,000. Finally, SageGuard Financial Group LLC bought a new position in shares of ProShares Russell 2000 High Income ETF in the 4th quarter valued at about $1,805,000.

ProShares Russell 2000 High Income ETF Price Performance

ITWO stock opened at $47.11 on Monday. The company has a market cap of $61.24 million and a price-to-earnings ratio of 17.43. ProShares Russell 2000 High Income ETF has a twelve month low of $37.05 and a twelve month high of $47.19. The business has a 50 day moving average price of $45.96 and a two-hundred day moving average price of $43.49.

About ProShares Russell 2000 High Income ETF

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.