ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Sees Large Increase in Short Interest

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 545,606 shares, an increase of 69.4% from the November 30th total of 322,013 shares. Based on an average daily volume of 1,422,701 shares, the days-to-cover ratio is presently 0.4 days. Currently, 7.6% of the company’s shares are sold short. Currently, 7.6% of the company’s shares are sold short. Based on an average daily volume of 1,422,701 shares, the days-to-cover ratio is presently 0.4 days.

ProShares UltraPro Russell 2000 Stock Down 1.6%

Shares of URTY stock traded down $0.93 on Friday, reaching $56.69. 718,661 shares of the stock were exchanged, compared to its average volume of 1,354,116. The firm has a 50 day moving average of $53.99 and a two-hundred day moving average of $48.94. ProShares UltraPro Russell 2000 has a 1-year low of $21.15 and a 1-year high of $61.38. The stock has a market cap of $408.17 million, a P/E ratio of 16.35 and a beta of 3.42.

Institutional Trading of ProShares UltraPro Russell 2000

Several large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC grew its stake in shares of ProShares UltraPro Russell 2000 by 20.9% in the first quarter. Jump Financial LLC now owns 25,857 shares of the company’s stock valued at $887,000 after buying an additional 4,469 shares in the last quarter. Flow Traders U.S. LLC raised its position in shares of ProShares UltraPro Russell 2000 by 249.9% in the 2nd quarter. Flow Traders U.S. LLC now owns 98,991 shares of the company’s stock valued at $3,897,000 after purchasing an additional 70,701 shares in the last quarter. Simplex Trading LLC acquired a new stake in ProShares UltraPro Russell 2000 in the second quarter valued at $292,000. Prime Capital Investment Advisors LLC lifted its position in shares of ProShares UltraPro Russell 2000 by 136.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 67,988 shares of the company’s stock worth $2,677,000 after purchasing an additional 39,195 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in ProShares UltraPro Russell 2000 by 33.6% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 80,109 shares of the company’s stock worth $3,154,000 after buying an additional 20,154 shares during the last quarter.

About ProShares UltraPro Russell 2000

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.