ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Shares Down 1.9% – What’s Next?

Shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTY) fell 1.9% during mid-day trading on Monday . The company traded as low as $78.80 and last traded at $79.78. 327,169 shares traded hands during trading, a decline of 70% from the average daily volume of 1,086,031 shares. The stock had previously closed at $81.34.

ProShares UltraPro Russell 2000 Trading Down 3.4%

The firm’s 50-day simple moving average is $83.63 and its two-hundred day simple moving average is $72.64. The stock has a market capitalization of $312.21 million, a PE ratio of 16.35 and a beta of 3.31.

Institutional Investors Weigh In On ProShares UltraPro Russell 2000

Several hedge funds have recently bought and sold shares of URTY. Quadrature Capital Ltd purchased a new position in ProShares UltraPro Russell 2000 during the 4th quarter valued at about $7,103,000. Tower Research Capital LLC TRC lifted its position in shares of ProShares UltraPro Russell 2000 by 0.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 24,560 shares of the company’s stock worth $1,306,000 after purchasing an additional 227 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of ProShares UltraPro Russell 2000 during the second quarter worth approximately $868,000. IMC Chicago LLC grew its position in ProShares UltraPro Russell 2000 by 69.1% during the first quarter. IMC Chicago LLC now owns 19,451 shares of the company’s stock valued at $1,003,000 after purchasing an additional 7,951 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in ProShares UltraPro Russell 2000 during the second quarter valued at approximately $598,000.

ProShares UltraPro Russell 2000 Company 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.