ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Short Interest Up 69.4% in December

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 545,606 shares, a growth of 69.4% from the November 30th total of 322,013 shares. Currently, 7.6% of the shares of the company are short sold. Based on an average trading volume of 1,422,701 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,422,701 shares, the days-to-cover ratio is currently 0.4 days. Currently, 7.6% of the shares of the company are short sold.

Institutional Trading of ProShares UltraPro Russell 2000

Several hedge funds have recently made changes to their positions in the company. Jump Financial LLC raised its holdings in ProShares UltraPro Russell 2000 by 20.9% during the first quarter. Jump Financial LLC now owns 25,857 shares of the company’s stock worth $887,000 after purchasing an additional 4,469 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in shares of ProShares UltraPro Russell 2000 by 249.9% in the second quarter. Flow Traders U.S. LLC now owns 98,991 shares of the company’s stock worth $3,897,000 after acquiring an additional 70,701 shares during the last quarter. Simplex Trading LLC purchased a new position in ProShares UltraPro Russell 2000 in the 2nd quarter valued at about $292,000. Prime Capital Investment Advisors LLC grew its holdings in shares of ProShares UltraPro Russell 2000 by 136.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 67,988 shares of the company’s stock worth $2,677,000 after buying an additional 39,195 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its stake in ProShares UltraPro Russell 2000 by 33.6% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 80,109 shares of the company’s stock worth $3,154,000 after acquiring an additional 20,154 shares during the period.

ProShares UltraPro Russell 2000 Stock Performance

ProShares UltraPro Russell 2000 stock traded down $0.93 during midday trading on Friday, hitting $56.69. 718,661 shares of the company’s stock were exchanged, compared to its average volume of 1,354,116. The stock has a market cap of $408.17 million, a price-to-earnings ratio of 16.35 and a beta of 3.42. ProShares UltraPro Russell 2000 has a 12-month low of $21.15 and a 12-month high of $61.38. The firm’s 50 day simple moving average is $53.99 and its 200 day simple moving average is $48.94.

About ProShares UltraPro Russell 2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.