Atlatl Advisers LLC Invests $458,000 in ProShares Ultra Russell 2000 $UWM

Atlatl Advisers LLC purchased a new stake in ProShares Ultra Russell 2000 (NYSEARCA:UWM) in the third quarter, HoldingsChannel reports. The firm purchased 9,880 shares of the company’s stock, valued at approximately $458,000.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp bought a new position in ProShares Ultra Russell 2000 during the 2nd quarter worth approximately $222,000. Simplicity Wealth LLC raised its holdings in ProShares Ultra Russell 2000 by 16.4% in the second quarter. Simplicity Wealth LLC now owns 118,610 shares of the company’s stock worth $4,468,000 after purchasing an additional 16,699 shares during the period. Axxcess Wealth Management LLC raised its holdings in ProShares Ultra Russell 2000 by 31.7% in the second quarter. Axxcess Wealth Management LLC now owns 24,386 shares of the company’s stock worth $919,000 after purchasing an additional 5,873 shares during the period. GWN Securities Inc. boosted its position in shares of ProShares Ultra Russell 2000 by 102.3% during the second quarter. GWN Securities Inc. now owns 26,466 shares of the company’s stock worth $997,000 after purchasing an additional 13,386 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of ProShares Ultra Russell 2000 by 14.3% in the 2nd quarter. Atria Investments Inc now owns 119,768 shares of the company’s stock valued at $4,512,000 after buying an additional 15,017 shares during the period.

ProShares Ultra Russell 2000 Stock Down 2.9%

UWM opened at $51.93 on Monday. ProShares Ultra Russell 2000 has a 12 month low of $24.47 and a 12 month high of $56.97. The company has a fifty day simple moving average of $50.37 and a 200 day simple moving average of $46.43. The stock has a market cap of $298.60 million, a P/E ratio of 13.49 and a beta of 2.27.

ProShares Ultra Russell 2000 Profile

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.