Polymer Capital Management HK LTD Takes Position in ProShares UltraPro Russell2000 (NYSEARCA:URTY)

Polymer Capital Management HK LTD acquired a new stake in shares of ProShares UltraPro Russell2000 (NYSEARCA:URTY) during the fourth quarter, HoldingsChannel reports. The fund acquired 60,000 shares of the company’s stock, valued at approximately $2,953,000.

A number of other hedge funds also recently bought and sold shares of URTY. US Bancorp DE grew its stake in shares of ProShares UltraPro Russell2000 by 10,040.0% during the fourth quarter. US Bancorp DE now owns 507 shares of the company’s stock valued at $25,000 after buying an additional 502 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of ProShares UltraPro Russell2000 in the 3rd quarter valued at about $49,000. Stratos Wealth Partners LTD. boosted its holdings in ProShares UltraPro Russell2000 by 23.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 13,079 shares of the company’s stock valued at $644,000 after acquiring an additional 2,500 shares during the period. Morse Asset Management Inc bought a new position in ProShares UltraPro Russell2000 during the 3rd quarter worth approximately $156,000. Finally, Cassaday & Co Wealth Management LLC increased its stake in ProShares UltraPro Russell2000 by 7.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 49,605 shares of the company’s stock worth $2,441,000 after purchasing an additional 3,450 shares during the period.

ProShares UltraPro Russell2000 Stock Performance

NYSEARCA:URTY opened at $25.05 on Friday. ProShares UltraPro Russell2000 has a fifty-two week low of $23.02 and a fifty-two week high of $68.23. The firm has a market cap of $220.44 million, a PE ratio of 13.73 and a beta of 3.53. The business has a 50 day moving average price of $43.16 and a 200-day moving average price of $50.57.

ProShares UltraPro Russell2000 Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1278 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

ProShares UltraPro Russell2000 Profile

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.