Absolute Capital Management LLC Acquires 1,269 Shares of ProShares Ultra Russell 2000 $UWM

Absolute Capital Management LLC raised its holdings in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,064 shares of the company’s stock after acquiring an additional 1,269 shares during the quarter. Absolute Capital Management LLC’s holdings in ProShares Ultra Russell 2000 were worth $605,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Simplicity Wealth LLC lifted its holdings in shares of ProShares Ultra Russell 2000 by 16.4% during the second quarter. Simplicity Wealth LLC now owns 118,610 shares of the company’s stock valued at $4,468,000 after purchasing an additional 16,699 shares in the last quarter. Atria Investments Inc raised its position in ProShares Ultra Russell 2000 by 14.3% in the 2nd quarter. Atria Investments Inc now owns 119,768 shares of the company’s stock worth $4,512,000 after buying an additional 15,017 shares during the last quarter. GWN Securities Inc. lifted its stake in ProShares Ultra Russell 2000 by 102.3% during the 2nd quarter. GWN Securities Inc. now owns 26,466 shares of the company’s stock valued at $997,000 after acquiring an additional 13,386 shares during the period. Financial Management Network Inc. purchased a new stake in shares of ProShares Ultra Russell 2000 during the 2nd quarter valued at about $283,000. Finally, Toth Financial Advisory Corp grew its stake in shares of ProShares Ultra Russell 2000 by 12.2% in the second quarter. Toth Financial Advisory Corp now owns 58,129 shares of the company’s stock worth $2,190,000 after acquiring an additional 6,304 shares during the period.

ProShares Ultra Russell 2000 Stock Up 0.1%

Shares of ProShares Ultra Russell 2000 stock opened at $42.60 on Thursday. ProShares Ultra Russell 2000 has a twelve month low of $24.47 and a twelve month high of $51.87. The company’s 50 day moving average is $46.60 and its 200 day moving average is $41.31. The company has a market cap of $223.65 million, a price-to-earnings ratio of 13.49 and a beta of 2.27.

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.