ProShares Ultra SmallCap600 (NYSEARCA:SAA) Sees Significant Increase in Short Interest

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,611 shares, an increase of 61.6% from the December 31st total of 997 shares. Based on an average daily trading volume, of 4,497 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 4,497 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Ultra SmallCap600 Price Performance

Shares of ProShares Ultra SmallCap600 stock traded up $0.81 on Monday, reaching $29.37. 4,058 shares of the company traded hands, compared to its average volume of 4,717. The firm has a market capitalization of $24.38 million, a PE ratio of 15.32 and a beta of 2.18. The company has a 50 day moving average of $27.39 and a 200 day moving average of $25.64. ProShares Ultra SmallCap600 has a 52 week low of $15.22 and a 52 week high of $30.81.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in ProShares Ultra SmallCap600 in the 2nd quarter worth about $129,000. Osaic Holdings Inc. lifted its position in shares of ProShares Ultra SmallCap600 by 532.8% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after purchasing an additional 6,702 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of ProShares Ultra SmallCap600 by 14.0% during the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after buying an additional 4,439 shares during the period. Finally, LTG Capital LLC increased its position in ProShares Ultra SmallCap600 by 1.1% during the 2nd quarter. LTG Capital LLC now owns 355,707 shares of the company’s stock valued at $7,872,000 after purchasing an additional 4,000 shares during the period.

ProShares Ultra SmallCap600 Company Profile

ProShares Ultra SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.