Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Decreases By 59.5%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,154 shares, a drop of 59.5% from the August 15th total of 10,257 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 2,519 shares, the short-interest ratio is presently 1.6 days.

ProShares Ultra SmallCap600 Trading Up 1.0%

Shares of SAA opened at $34.28 on Friday. The stock’s 50-day moving average price is $36.54 and its two-hundred day moving average price is $33.14. ProShares Ultra SmallCap600 has a 12 month low of $22.57 and a 12 month high of $38.94. The company has a market capitalization of $27.77 million, a PE ratio of 15.32 and a beta of 2.02.

Institutional Trading of ProShares Ultra SmallCap600

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in ProShares Ultra SmallCap600 during the 2nd quarter worth approximately $129,000. Corient Private Wealth LLC lifted its position in shares of ProShares Ultra SmallCap600 by 14.0% in the 2nd quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock worth $798,000 after purchasing an additional 4,439 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of ProShares Ultra SmallCap600 by 532.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $176,000 after purchasing an additional 6,702 shares during the last quarter.

About ProShares Ultra SmallCap600

ProShares Ultra SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.