ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Short Interest Update

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 267,871 shares, a drop of 38.3% from the April 15th total of 434,223 shares. Approximately 9.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,244,031 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SRTY. Ridgepath Capital Management LLC purchased a new stake in ProShares UltraPro Short Russell 2000 in the 1st quarter valued at $5,588,000. XTX Topco Ltd purchased a new position in ProShares UltraPro Short Russell 2000 during the 4th quarter worth $508,000. Jump Financial LLC purchased a new position in ProShares UltraPro Short Russell 2000 during the 4th quarter worth $4,824,000. Qube Research & Technologies Ltd grew its stake in shares of ProShares UltraPro Short Russell 2000 by 180.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 24,338 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 15,668 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of ProShares UltraPro Short Russell 2000 by 6,059.5% in the 3rd quarter. UBS Group AG now owns 100,955 shares of the exchange traded fund’s stock worth $1,187,000 after acquiring an additional 99,316 shares in the last quarter.

ProShares UltraPro Short Russell 2000 Price Performance

NYSEARCA SRTY traded up $1.92 during trading hours on Friday, hitting $28.05. The company’s stock had a trading volume of 2,319,473 shares, compared to its average volume of 1,948,181. ProShares UltraPro Short Russell 2000 has a 52 week low of $25.30 and a 52 week high of $88.00. The company’s 50-day simple moving average is $34.19 and its two-hundred day simple moving average is $37.72.

ProShares UltraPro Short Russell 2000 Company Profile

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).