ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 18,249 shares, a decline of 39.4% from the April 30th total of 30,121 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 7,446 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of ProShares Ultra SmallCap600

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAA. LTG Capital LLC boosted its holdings in shares of ProShares Ultra SmallCap600 by 0.8% in the 3rd quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after purchasing an additional 2,720 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of ProShares Ultra SmallCap600 by 14.0% in the 2nd quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after purchasing an additional 4,439 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of ProShares Ultra SmallCap600 in the 2nd quarter valued at $129,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of ProShares Ultra SmallCap600 by 532.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $176,000 after purchasing an additional 6,702 shares during the last quarter.

ProShares Ultra SmallCap600 Price Performance

SAA opened at $33.01 on Thursday. The stock has a market capitalization of $26.74 million, a price-to-earnings ratio of 15.32 and a beta of 2.07. The business has a 50-day moving average of $30.92 and a two-hundred day moving average of $28.84. ProShares Ultra SmallCap600 has a 12 month low of $20.51 and a 12 month high of $34.04.

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.