ProShares Ultra SmallCap600 (NYSEARCA:SAA) Stock Short Interest Jumps 1,080.1%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,549 shares, an increase of 1,080.1% from the September 30th total of 216 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 4,283 shares, the days-to-cover ratio is presently 0.6 days.

ProShares Ultra SmallCap600 Trading Up 0.9%

Shares of SAA traded up $0.29 during midday trading on Monday, reaching $32.66. The stock had a trading volume of 1,778 shares, compared to its average volume of 5,178. ProShares Ultra SmallCap600 has a one year low of $22.57 and a one year high of $38.94. The firm has a market cap of $25.80 million, a PE ratio of 15.32 and a beta of 2.06. The firm has a 50 day simple moving average of $33.89 and a 200-day simple moving average of $32.41.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra SmallCap600 stock. Toth Financial Advisory Corp purchased a new position in shares of ProShares Ultra SmallCap600 (NYSEARCA:SAA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 914 shares of the company’s stock, valued at approximately $29,000. Toth Financial Advisory Corp owned about 0.11% of ProShares Ultra SmallCap600 at the end of the most recent 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.