Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Declines By 59.5%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,154 shares, a drop of 59.5% from the August 15th total of 10,257 shares. Based on an average daily volume of 2,519 shares, the short-interest ratio is currently 1.6 days. Currently, 0.5% of the company’s shares are sold short.

ProShares Ultra SmallCap600 Stock Down 1.2%

Shares of ProShares Ultra SmallCap600 stock traded down $0.42 during trading on Monday, reaching $33.86. 2,787 shares of the company were exchanged, compared to its average volume of 5,483. ProShares Ultra SmallCap600 has a twelve month low of $22.57 and a twelve month high of $38.94. The business has a 50-day moving average price of $36.54 and a 200-day moving average price of $33.17. The firm has a market capitalization of $27.43 million, a price-to-earnings ratio of 15.32 and a beta of 2.02.

About ProShares Ultra SmallCap600

ProShares Ultra SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.