ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Sees Significant Increase in Short Interest

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 289,165 shares, an increase of 53.3% from the July 30th total of 188,589 shares. Currently, 8.5% of the shares of the company are sold short. Based on an average trading volume of 1,468,579 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraPro Short Russell 2000 Trading Down 3.1%

NYSEARCA:SRTY traded down $0.72 during mid-day trading on Wednesday, hitting $23.00. The stock had a trading volume of 327,794 shares, compared to its average volume of 2,117,153. ProShares UltraPro Short Russell 2000 has a 52 week low of $20.48 and a 52 week high of $54.57. The company has a 50 day simple moving average of $22.18 and a 200-day simple moving average of $28.23.

Institutional Trading of ProShares UltraPro Short Russell 2000

Several large investors have recently added to or reduced their stakes in the business. Group One Trading LLC raised its stake in ProShares UltraPro Short Russell 2000 by 278.0% during the 3rd quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 4,286 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of ProShares UltraPro Short Russell 2000 by 495.3% in the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock worth $113,000 after purchasing an additional 5,498 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of ProShares UltraPro Short Russell 2000 during the first quarter valued at $135,000. Qube Research & Technologies Ltd increased its holdings in shares of ProShares UltraPro Short Russell 2000 by 3,171.7% during the second quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock valued at $148,000 after purchasing an additional 8,405 shares during the period. Finally, StoneX Group Inc. bought a new stake in shares of ProShares UltraPro Short Russell 2000 during the second quarter valued at about $173,000.

ProShares UltraPro Short Russell 2000 Company Profile

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).