Envestnet Portfolio Solutions Inc. lessened its position in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM – Free Report) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,390 shares of the company’s stock after selling 56,102 shares during the period. Envestnet Portfolio Solutions Inc. owned about 2.77% of ProShares Ultra Russell 2000 worth $8,808,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of ProShares Ultra Russell 2000 during the fourth quarter worth $240,000. Truist Financial Corp bought a new stake in shares of ProShares Ultra Russell 2000 during the 4th quarter valued at about $1,136,000. WealthBridge Capital Management LLC acquired a new stake in ProShares Ultra Russell 2000 during the fourth quarter worth about $764,000. Sigma Planning Corp bought a new position in ProShares Ultra Russell 2000 in the fourth quarter worth about $225,000. Finally, World Equity Group Inc. acquired a new position in ProShares Ultra Russell 2000 in the fourth quarter valued at approximately $335,000.
ProShares Ultra Russell 2000 Trading Up 1.0%
Shares of ProShares Ultra Russell 2000 stock opened at $35.64 on Friday. The stock has a market capitalization of $322.54 million, a price-to-earnings ratio of 13.49 and a beta of 2.22. ProShares Ultra Russell 2000 has a twelve month low of $24.47 and a twelve month high of $51.87. The business’s 50 day simple moving average is $33.17 and its 200-day simple moving average is $37.78.
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.
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