119,587 Shares in ProShares Ultra Russell 2000 $UWM Bought by Client First Investment Management LLC

Client First Investment Management LLC acquired a new stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 119,587 shares of the company’s stock, valued at approximately $8,040,000. ProShares Ultra Russell 2000 accounts for approximately 3.4% of Client First Investment Management LLC’s holdings, making the stock its 4th largest position. Client First Investment Management LLC owned approximately 2.75% of ProShares Ultra Russell 2000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of ProShares Ultra Russell 2000 by 91.6% in the 4th quarter. CWM LLC now owns 63,004 shares of the company’s stock valued at $2,962,000 after acquiring an additional 30,122 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of ProShares Ultra Russell 2000 during the first quarter worth about $677,000. Bogart Wealth LLC bought a new position in shares of ProShares Ultra Russell 2000 in the first quarter worth approximately $47,000. Legacy Wealth Partners LLC increased its position in shares of ProShares Ultra Russell 2000 by 4.6% in the first quarter. Legacy Wealth Partners LLC now owns 29,802 shares of the company’s stock worth $1,391,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Orion Porfolio Solutions LLC bought a new position in shares of ProShares Ultra Russell 2000 in the second quarter worth approximately $440,000.

ProShares Ultra Russell 2000 Price Performance

Shares of UWM opened at $67.25 on Friday. ProShares Ultra Russell 2000 has a 1-year low of $38.70 and a 1-year high of $68.32. The company has a market capitalization of $248.82 million, a P/E ratio of 13.49 and a beta of 2.21. The firm’s 50 day simple moving average is $64.38 and its 200 day simple moving average is $57.42.

About ProShares Ultra Russell 2000

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.