ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Shares Down 2.4% – Time to Sell?

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) shares traded down 2.4% during trading on Wednesday . The stock traded as low as $78.31 and last traded at $79.03. 1,511,925 shares traded hands during trading, an increase of 12% from the average session volume of 1,349,123 shares. The stock had previously closed at $80.96.

ProShares UltraPro Russell 2000 Stock Performance

The stock has a market capitalization of $383.30 million, a price-to-earnings ratio of 16.35 and a beta of 3.32. The company has a 50 day moving average of $72.86 and a 200 day moving average of $63.68.

Institutional Trading of ProShares UltraPro Russell 2000

A number of institutional investors have recently bought and sold shares of the business. IMC Chicago LLC lifted its holdings in ProShares UltraPro Russell 2000 by 69.1% during the 1st quarter. IMC Chicago LLC now owns 19,451 shares of the company’s stock worth $1,003,000 after buying an additional 7,951 shares during the last quarter. Ascentis Independent Advisors lifted its holdings in ProShares UltraPro Russell 2000 by 93.3% during the 1st quarter. Ascentis Independent Advisors now owns 8,165 shares of the company’s stock worth $421,000 after buying an additional 3,941 shares during the last quarter. Allegheny Financial Group lifted its holdings in ProShares UltraPro Russell 2000 by 63.8% during the 1st quarter. Allegheny Financial Group now owns 7,943 shares of the company’s stock worth $409,000 after buying an additional 3,094 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in ProShares UltraPro Russell 2000 by 3.8% during the 1st quarter. Founders Financial Securities LLC now owns 8,624 shares of the company’s stock worth $445,000 after buying an additional 314 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in ProShares UltraPro Russell 2000 during the 4th quarter worth about $7,103,000.

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.