ProShares Russell 2000 High Income ETF (BATS:ITWO) Sees Large Decrease in Short Interest

ProShares Russell 2000 High Income ETF (BATS:ITWO) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 44,542 shares, a decrease of 40.7% from the July 15th total of 75,153 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 23,571 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in ProShares Russell 2000 High Income ETF in the 4th quarter valued at about $64,000. Sunbelt Securities Inc. purchased a new position in shares of ProShares Russell 2000 High Income ETF in the 4th quarter worth approximately $234,000. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Russell 2000 High Income ETF in the third quarter valued at approximately $249,000. PFG Investments LLC purchased a new stake in shares of ProShares Russell 2000 High Income ETF during the first quarter valued at approximately $384,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of ProShares Russell 2000 High Income ETF during the second quarter valued at approximately $389,000.

ProShares Russell 2000 High Income ETF Price Performance

ITWO opened at $46.97 on Tuesday. ProShares Russell 2000 High Income ETF has a 1 year low of $37.05 and a 1 year high of $47.19. The company has a market capitalization of $61.06 million and a price-to-earnings ratio of 17.43. The firm’s fifty day moving average price is $46.02 and its two-hundred day moving average price is $43.52.

About ProShares Russell 2000 High Income ETF

The ProShares Russell 2000 High Income ETF (ITWO) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index that holds Russell 2000 stocks and sells daily call options on the same index. The fund primarily uses swaps to replicate the buy-write strategy in replicating returns of the sub-index. ITWO was launched on Sep 4, 2024 and is issued by ProShares.