ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Short Interest Up 53.3% in August

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 289,165 shares, a growth of 53.3% from the July 30th total of 188,589 shares. Approximately 8.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,468,579 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. purchased a new stake in shares of ProShares UltraPro Short Russell 2000 in the first quarter valued at about $135,000. Group One Trading LLC raised its stake in ProShares UltraPro Short Russell 2000 by 278.0% during the 3rd quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 4,286 shares during the last quarter. JPMorgan Chase & Co. raised its stake in ProShares UltraPro Short Russell 2000 by 495.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock valued at $113,000 after acquiring an additional 5,498 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in ProShares UltraPro Short Russell 2000 by 3,171.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock worth $148,000 after acquiring an additional 8,405 shares during the period. Finally, StoneX Group Inc. purchased a new position in shares of ProShares UltraPro Short Russell 2000 in the 2nd quarter valued at approximately $173,000.

ProShares UltraPro Short Russell 2000 Price Performance

Shares of SRTY stock traded up $0.46 during trading hours on Tuesday, hitting $23.39. The stock had a trading volume of 323,696 shares, compared to its average volume of 2,121,808. The stock’s 50 day moving average is $22.16 and its 200 day moving average is $28.30. ProShares UltraPro Short Russell 2000 has a twelve month low of $20.48 and a twelve month high of $54.68.

About ProShares UltraPro Short Russell 2000

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).