ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Trading Down 0.2% – Should You Sell?

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) shares fell 0.2% during mid-day trading on Wednesday . The company traded as low as $79.35 and last traded at $80.19. 969,139 shares were traded during trading, a decline of 29% from the average session volume of 1,367,210 shares. The stock had previously closed at $80.33.

ProShares UltraPro Russell 2000 Price Performance

The company has a market cap of $388.92 million, a price-to-earnings ratio of 16.35 and a beta of 3.32. The business’s 50-day simple moving average is $64.81 and its 200-day simple moving average is $60.64.

Hedge Funds Weigh In On ProShares UltraPro Russell 2000

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in URTY. Bank of America Corp DE acquired a new position in ProShares UltraPro Russell 2000 during the second quarter worth about $868,000. Group One Trading LLC raised its position in ProShares UltraPro Russell 2000 by 548.0% during the second quarter. Group One Trading LLC now owns 1,756 shares of the company’s stock worth $69,000 after acquiring an additional 1,485 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of ProShares UltraPro Russell 2000 in the second quarter valued at approximately $598,000. Stratos Wealth Partners LTD. raised its position in shares of ProShares UltraPro Russell 2000 by 5.7% in the third quarter. Stratos Wealth Partners LTD. now owns 7,480 shares of the company’s stock valued at $396,000 after buying an additional 401 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of ProShares UltraPro Russell 2000 in the third quarter valued at approximately $376,000.

About ProShares UltraPro Russell 2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.