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

ProShares Russell 2000 High Income ETF (BATS:ITWO) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 20,070 shares, an increase of 146.2% from the August 31st total of 8,153 shares. Based on an average daily volume of 19,833 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.5% of the company’s stock are short sold.

ProShares Russell 2000 High Income ETF Stock Performance

Shares of ITWO stock opened at $43.35 on Tuesday. The company has a market capitalization of $56.35 million and a P/E ratio of 17.43. The company’s 50 day moving average price is $45.47 and its two-hundred day moving average price is $44.22. ProShares Russell 2000 High Income ETF has a 52 week low of $37.09 and a 52 week high of $47.19.

Institutional Investors Weigh In On ProShares Russell 2000 High Income ETF

Large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its holdings in shares of ProShares Russell 2000 High Income ETF by 22.6% during the second quarter. Integrated Wealth Concepts LLC now owns 9,691 shares of the company’s stock worth $455,000 after buying an additional 1,788 shares in the last quarter. Endeavor Private Wealth Inc. lifted its stake in ProShares Russell 2000 High Income ETF by 5.8% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 11,489 shares of the company’s stock valued at $540,000 after acquiring an additional 630 shares in the last quarter. Rothschild Capital Partners LLC acquired a new position in ProShares Russell 2000 High Income ETF during the 2nd quarter worth approximately $1,025,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of ProShares Russell 2000 High Income ETF by 4.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 220,650 shares of the company’s stock worth $10,362,000 after acquiring an additional 9,907 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of ProShares Russell 2000 High Income ETF by 34.0% during the 1st quarter. Sunbelt Securities Inc. now owns 7,907 shares of the company’s stock worth $315,000 after acquiring an additional 2,007 shares in the last quarter.

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.