Short Interest in ProShares Russell 2000 High Income ETF (BATS:ITWO) Decreases By 40.7%

ProShares Russell 2000 High Income ETF (BATS:ITWO) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 44,542 shares, a drop of 40.7% from the July 15th total of 75,153 shares. Based on an average daily trading volume, of 23,571 shares, the short-interest ratio is currently 1.9 days. Approximately 3.4% of the company’s shares are sold short.

ProShares Russell 2000 High Income ETF Stock Down 1.3%

Shares of ProShares Russell 2000 High Income ETF stock opened at $46.37 on Wednesday. ProShares Russell 2000 High Income ETF has a 12-month low of $37.05 and a 12-month high of $47.19. The stock has a market capitalization of $60.28 million and a P/E ratio of 17.43. The company has a 50-day simple moving average of $46.06 and a 200 day simple moving average of $43.55.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth lifted its stake in ProShares Russell 2000 High Income ETF by 2.0% in the 3rd quarter. Focus Partners Wealth now owns 16,164 shares of the company’s stock valued at $637,000 after acquiring an additional 319 shares in the last quarter. MJP Associates Inc. ADV boosted its position in ProShares Russell 2000 High Income ETF by 11.6% during the 4th quarter. MJP Associates Inc. ADV now owns 13,275 shares of the company’s stock worth $527,000 after acquiring an additional 1,379 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of ProShares Russell 2000 High Income ETF during the 4th quarter worth approximately $64,000. Sunbelt Securities Inc. grew its stake in shares of ProShares Russell 2000 High Income ETF by 34.0% during the 1st quarter. Sunbelt Securities Inc. now owns 7,907 shares of the company’s stock worth $315,000 after acquiring an additional 2,007 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of ProShares Russell 2000 High Income ETF by 33.5% during the 4th quarter. Royal Bank of Canada now owns 10,606 shares of the company’s stock worth $421,000 after acquiring an additional 2,659 shares in the last quarter.

About ProShares Russell 2000 High Income ETF

The ProShares Russell 2000 High Income ETF (ITWO) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index that holds Russell 2000 stocks and sells daily call options on the same index. The fund primarily uses swaps to replicate the buy-write strategy in replicating returns of the sub-index. ITWO was launched on Sep 4, 2024 and is issued by ProShares.