ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Shares Down 5% – What’s Next?

ProShares UltraPro Russell 2000 (NYSEARCA:URTY – Get Free Report)’s share price traded down 5% during trading on Friday. The stock traded as low as $65.21 and last traded at $67.06. Approximately 506,673 shares were traded during trading, a decline of 46% from the average daily volume of 943,667 shares. The stock had previously closed at $70.56.

ProShares UltraPro Russell 2000 Trading Down 5.0%

The company has a market cap of $278.30 million, a price-to-earnings ratio of 16.35 and a beta of 3.37. The stock has a 50-day simple moving average of $71.88 and a 200-day simple moving average of $71.22.

Institutional Investors Weigh In On ProShares UltraPro Russell 2000

A number of institutional investors have recently added to or reduced their stakes in URTY. Founders Financial Securities LLC acquired a new position in ProShares UltraPro Russell 2000 during the third quarter worth about $664,000. Axxcess Wealth Management LLC purchased a new position in ProShares UltraPro Russell 2000 during the 3rd quarter worth approximately $485,000. Toth Financial Advisory Corp purchased a new stake in ProShares UltraPro Russell 2000 in the 3rd quarter worth about $779,000. Waverly Advisors LLC purchased a new stake in shares of ProShares UltraPro Russell 2000 in the second quarter worth approximately $223,000. Finally, Tucker Asset Management LLC purchased a new stake in ProShares UltraPro Russell 2000 in the 2nd quarter worth approximately $141,000.

ProShares UltraPro Russell 2000 Company Profile

(Get Free Report)

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.

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