Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Rises By 885.8%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 8,202 shares, a growth of 885.8% from the June 15th total of 832 shares. Based on an average daily volume of 10,113 shares, the short-interest ratio is presently 0.8 days. Currently, 1.0% of the company’s stock are sold short.

ProShares Ultra SmallCap600 Stock Performance

NYSEARCA SAA opened at $36.40 on Monday. The company has a market cap of $29.48 million, a PE ratio of 15.32 and a beta of 2.01. The firm’s 50 day moving average price is $34.21 and its 200-day moving average price is $30.70. ProShares Ultra SmallCap600 has a 52-week low of $21.09 and a 52-week high of $38.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in shares of ProShares Ultra SmallCap600 in the 2nd quarter worth $129,000. Osaic Holdings Inc. boosted its position in ProShares Ultra SmallCap600 by 532.8% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $176,000 after purchasing an additional 6,702 shares in the last quarter. Corient Private Wealth LLC boosted its position in ProShares Ultra SmallCap600 by 14.0% during the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after purchasing an additional 4,439 shares in the last quarter. Finally, LTG Capital LLC grew its stake in ProShares Ultra SmallCap600 by 0.8% in the third quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after purchasing an additional 2,720 shares during the last quarter.

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.