ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Sees Large Decrease in Short Interest

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 231,782 shares, a decline of 71.7% from the June 15th total of 818,212 shares. Based on an average trading volume of 2,865,503 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.0% of the shares of the company are short sold.

Hedge Funds Weigh In On ProShares UltraPro Short Russell 2000

Large investors have recently modified their holdings of the business. Ridgepath Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short Russell 2000 in the 1st quarter valued at approximately $5,588,000. Jump Financial LLC purchased a new position in ProShares UltraPro Short Russell 2000 in the fourth quarter worth $4,824,000. UBS Group AG lifted its holdings in ProShares UltraPro Short Russell 2000 by 6,059.5% in the third quarter. UBS Group AG now owns 100,955 shares of the exchange traded fund’s stock valued at $1,187,000 after acquiring an additional 99,316 shares during the period. Qube Research & Technologies Ltd lifted its holdings in ProShares UltraPro Short Russell 2000 by 180.7% in the third quarter. Qube Research & Technologies Ltd now owns 24,338 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 15,668 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of ProShares UltraPro Short Russell 2000 during the 2nd quarter worth $347,000.

ProShares UltraPro Short Russell 2000 Trading Down 1.0%

NYSEARCA SRTY traded down $0.24 during trading hours on Tuesday, hitting $22.76. 1,594,877 shares of the stock were exchanged, compared to its average volume of 2,287,622. ProShares UltraPro Short Russell 2000 has a 12-month low of $20.90 and a 12-month high of $71.44. The stock has a 50-day moving average of $24.39 and a 200 day moving average of $31.80.

About ProShares UltraPro Short Russell 2000

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).