ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Short Interest Down 71.7% in June

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 231,782 shares, a decline of 71.7% from the June 15th total of 818,212 shares. Based on an average daily volume of 2,865,503 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.0% of the company’s shares are short sold.

ProShares UltraPro Short Russell 2000 Stock Performance

Shares of NYSEARCA:SRTY traded up $0.32 during trading on Friday, reaching $22.43. 1,547,673 shares of the company traded hands, compared to its average volume of 2,296,291. ProShares UltraPro Short Russell 2000 has a 52-week low of $20.90 and a 52-week high of $71.44. The business’s fifty day moving average is $24.49 and its 200-day moving average is $31.92.

Institutional Investors Weigh In On ProShares UltraPro Short Russell 2000

A number of large investors have recently added to or reduced their stakes in SRTY. Optiver Holding B.V. purchased a new stake in shares of ProShares UltraPro Short Russell 2000 during the first quarter worth about $135,000. Ridgepath Capital Management LLC purchased a new position in ProShares UltraPro Short Russell 2000 during the 1st quarter valued at about $5,588,000. XTX Topco Ltd bought a new position in ProShares UltraPro Short Russell 2000 during the 4th quarter valued at approximately $508,000. Jump Financial LLC bought a new position in ProShares UltraPro Short Russell 2000 during the 4th quarter valued at approximately $4,824,000. Finally, Qube Research & Technologies Ltd lifted its holdings in 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 buying an additional 15,668 shares during the period.

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).