ProShares Ultra Russell 2000 (NYSEARCA:UWM) Short Interest Update

ProShares Ultra Russell 2000 (NYSEARCA:UWM) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 371,470 shares, a growth of 143.3% from the April 15th total of 152,710 shares. Approximately 8.7% of the company’s shares are short sold. Based on an average daily volume of 284,860 shares, the short-interest ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UWM. Quadrature Capital Ltd bought a new position in ProShares Ultra Russell 2000 during the 4th quarter valued at approximately $3,344,000. Wealthcare Advisory Partners LLC bought a new position in ProShares Ultra Russell 2000 during the 4th quarter valued at approximately $3,201,000. Capital Investment Advisory Services LLC raised its position in ProShares Ultra Russell 2000 by 786.0% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 38,100 shares of the company’s stock valued at $1,766,000 after purchasing an additional 33,800 shares during the last quarter. OLD Mission Capital LLC bought a new position in ProShares Ultra Russell 2000 during the 4th quarter valued at approximately $1,517,000. Finally, CWM LLC raised its position in ProShares Ultra Russell 2000 by 91.6% during the 4th quarter. CWM LLC now owns 63,004 shares of the company’s stock valued at $2,962,000 after purchasing an additional 30,122 shares during the last quarter.

ProShares Ultra Russell 2000 Price Performance

UWM traded down $2.97 during midday trading on Friday, reaching $57.87. 335,674 shares of the company’s stock traded hands, compared to its average volume of 634,863. The firm has a fifty day moving average of $52.51 and a two-hundred day moving average of $50.87. The stock has a market capitalization of $245.95 million, a price-to-earnings ratio of 13.49 and a beta of 2.22. ProShares Ultra Russell 2000 has a 52 week low of $32.34 and a 52 week high of $62.24.

About ProShares Ultra Russell 2000

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.