ProShares Ultra Russell 2000 (NYSEARCA:UWM) Shares Shorted: Short Interest Up 60.6% in October

ProShares Ultra Russell 2000 (NYSEARCA:UWM) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 241,677 shares, a growth of 60.6% from the September 30th total of 150,453 shares. Approximately 6.4% of the shares of the company are sold short. Based on an average trading volume of 318,011 shares, the short-interest ratio is currently 0.8 days.

ProShares Ultra Russell 2000 Stock Performance

ProShares Ultra Russell 2000 stock traded up $0.75 during trading hours on Tuesday, reaching $57.59. 357,339 shares of the stock were exchanged, compared to its average volume of 449,561. The stock has a market cap of $218.85 million, a P/E ratio of 13.49 and a beta of 2.25. ProShares Ultra Russell 2000 has a 52-week low of $40.92 and a 52-week high of $68.82. The firm’s 50 day moving average is $59.19 and its 200 day moving average is $58.29.

Institutional Investors Weigh In On ProShares Ultra Russell 2000

A number of institutional investors and hedge funds have recently modified their holdings of the company. Client First Investment Management LLC purchased a new position in ProShares Ultra Russell 2000 during the second quarter worth $8,040,000. Toth Financial Advisory Corp acquired a new position in shares of ProShares Ultra Russell 2000 in the third quarter worth $5,514,000. Genesee Capital Advisors LLC lifted its position in shares of ProShares Ultra Russell 2000 by 63.0% in the third quarter. Genesee Capital Advisors LLC now owns 32,663 shares of the company’s stock valued at $1,853,000 after acquiring an additional 12,629 shares in the last quarter. Atlatl Advisers LLC lifted its position in shares of ProShares Ultra Russell 2000 by 2.5% in the third quarter. Atlatl Advisers LLC now owns 12,766 shares of the company’s stock valued at $724,000 after acquiring an additional 316 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of ProShares Ultra Russell 2000 in the first quarter valued at $677,000.

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.