ProShares Ultra SmallCap600 (NYSEARCA:SAA) Sees Large Decline in Short Interest

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 687 shares, a drop of 83.5% from the August 31st total of 4,154 shares. Based on an average daily volume of 4,296 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

ProShares Ultra SmallCap600 Price Performance

Shares of SAA stock traded up $0.02 during trading on Friday, reaching $32.36. The company’s stock had a trading volume of 3,398 shares, compared to its average volume of 5,395. ProShares Ultra SmallCap600 has a 1-year low of $22.57 and a 1-year high of $38.94. The company has a market capitalization of $25.89 million, a price-to-earnings ratio of 15.32 and a beta of 2.02. The stock’s 50-day moving average price is $35.94 and its 200 day moving average price is $33.40.

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.