ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Down 57.1% in July

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 3,517 shares, a decline of 57.1% from the June 30th total of 8,202 shares. Based on an average daily volume of 5,432 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Ultra SmallCap600

Several large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its holdings in shares of ProShares Ultra SmallCap600 by 532.8% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after acquiring an additional 6,702 shares during the period. Corient Private Wealth LLC raised its stake 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 period. Finally, Bank of America Corp DE acquired a new stake in shares of ProShares Ultra SmallCap600 in the 2nd quarter valued at about $129,000.

ProShares Ultra SmallCap600 Stock Performance

NYSEARCA SAA traded up $0.40 during trading hours on Tuesday, reaching $36.70. 1,755 shares of the company’s stock were exchanged, compared to its average volume of 6,043. The company has a market capitalization of $29.73 million, a price-to-earnings ratio of 15.32 and a beta of 2.01. The company’s 50-day moving average is $35.22 and its two-hundred day moving average is $31.52. ProShares Ultra SmallCap600 has a one year low of $21.09 and a one year high of $38.39.

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.