Integrated Advisors Network LLC Has $425,000 Stock Position in ProShares Ultra Russell 2000 (NYSEARCA:UWM)

Integrated Advisors Network LLC cut its stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 46.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,704 shares of the company’s stock after selling 11,021 shares during the period. Integrated Advisors Network LLC’s holdings in ProShares Ultra Russell 2000 were worth $425,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of ProShares Ultra Russell 2000 by 12.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,386 shares of the company’s stock valued at $280,000 after acquiring an additional 934 shares during the period. Novem Group acquired a new stake in ProShares Ultra Russell 2000 in the 4th quarter worth about $202,000. US Bancorp DE bought a new stake in ProShares Ultra Russell 2000 in the 4th quarter valued at about $224,000. Sigma Planning Corp acquired a new position in shares of ProShares Ultra Russell 2000 during the 4th quarter worth approximately $225,000. Finally, Principal Securities Inc. acquired a new position in shares of ProShares Ultra Russell 2000 during the 4th quarter worth approximately $240,000.

ProShares Ultra Russell 2000 Trading Down 3.7%

NYSEARCA UWM opened at $35.28 on Friday. ProShares Ultra Russell 2000 has a 1-year low of $24.47 and a 1-year high of $51.87. The company has a 50 day moving average of $32.56 and a 200-day moving average of $38.19. The company has a market cap of $319.28 million, a price-to-earnings ratio of 13.49 and a beta of 2.22.

About ProShares Ultra Russell 2000

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.