ProShares Ultra Russell 2000 (NYSEARCA:UWM) Short Interest Update

ProShares Ultra Russell 2000 (NYSEARCA:UWM) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 132,700 shares, a decline of 37.0% from the July 15th total of 210,754 shares. Based on an average trading volume of 285,532 shares, the days-to-cover ratio is presently 0.5 days. Approximately 3.6% of the shares of the company are sold short.

ProShares Ultra Russell 2000 Stock Performance

Shares of UWM stock traded up $0.83 during midday trading on Wednesday, hitting $67.45. 41,165 shares of the company were exchanged, compared to its average volume of 494,113. ProShares Ultra Russell 2000 has a 52 week low of $39.99 and a 52 week high of $68.82. The firm has a market capitalization of $249.56 million, a P/E ratio of 13.49 and a beta of 2.21. The firm’s 50 day moving average price is $65.20 and its two-hundred day moving average price is $58.09.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new position in ProShares Ultra Russell 2000 in the second quarter valued at approximately $263,000. Orion Porfolio Solutions LLC bought a new stake in ProShares Ultra Russell 2000 during the second quarter worth $440,000. Tower Research Capital LLC TRC lifted its stake in ProShares Ultra Russell 2000 by 60.3% during the second quarter. Tower Research Capital LLC TRC now owns 47,015 shares of the company’s stock worth $1,771,000 after purchasing an additional 17,689 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of ProShares Ultra Russell 2000 in the 3rd quarter valued at $120,000. Finally, Polymer Capital Management HK LTD bought a new position in shares of ProShares Ultra Russell 2000 in the 3rd quarter valued at $417,000.

ProShares Ultra Russell 2000 Company 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.