Simplicity Wealth LLC Purchases 16,699 Shares of ProShares Ultra Russell 2000 $UWM

Simplicity Wealth LLC increased its position in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 16.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,610 shares of the company’s stock after buying an additional 16,699 shares during the period. Simplicity Wealth LLC owned 1.36% of ProShares Ultra Russell 2000 worth $4,468,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC raised its stake in ProShares Ultra Russell 2000 by 30.1% during the first quarter. Park Avenue Securities LLC now owns 256,145 shares of the company’s stock worth $8,565,000 after buying an additional 59,258 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in ProShares Ultra Russell 2000 by 4.8% in the first quarter. Kestra Advisory Services LLC now owns 75,245 shares of the company’s stock worth $2,516,000 after purchasing an additional 3,451 shares during the period. IMC Chicago LLC grew its holdings in ProShares Ultra Russell 2000 by 101.4% in the first quarter. IMC Chicago LLC now owns 71,955 shares of the company’s stock worth $2,406,000 after purchasing an additional 36,236 shares during the period. Toth Financial Advisory Corp grew its holdings in ProShares Ultra Russell 2000 by 12.2% in the second quarter. Toth Financial Advisory Corp now owns 58,129 shares of the company’s stock worth $2,190,000 after purchasing an additional 6,304 shares during the period. Finally, Capital Investment Counsel Inc grew its holdings in ProShares Ultra Russell 2000 by 14.2% in the first quarter. Capital Investment Counsel Inc now owns 51,599 shares of the company’s stock worth $1,725,000 after purchasing an additional 6,400 shares during the period.

ProShares Ultra Russell 2000 Trading Up 1.4%

NYSEARCA:UWM opened at $47.79 on Friday. The stock has a market capitalization of $262.85 million, a price-to-earnings ratio of 13.49 and a beta of 2.30. The firm has a fifty day simple moving average of $43.34 and a two-hundred day simple moving average of $37.59. ProShares Ultra Russell 2000 has a 12 month low of $24.47 and a 12 month high of $51.87.

ProShares Ultra Russell 2000 Company Profile

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.