Envestnet Asset Management Inc. Sells 2,486,880 Shares of ProShares Ultra Russell 2000 $UWM

Envestnet Asset Management Inc. decreased its stake in shares of ProShares Ultra Russell 2000 (NYSEARCA:UWM) by 90.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,961 shares of the company’s stock after selling 2,486,880 shares during the period. Envestnet Asset Management Inc.’s holdings in ProShares Ultra Russell 2000 were worth $11,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. North Capital Inc. purchased a new stake in ProShares Ultra Russell 2000 during the 3rd quarter valued at $58,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of ProShares Ultra Russell 2000 by 18.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,813 shares of the company’s stock worth $84,000 after buying an additional 276 shares during the last quarter. Silverleafe Capital Partners LLC bought a new stake in shares of ProShares Ultra Russell 2000 in the third quarter worth $227,000. Meridian Wealth Management LLC bought a new stake in shares of ProShares Ultra Russell 2000 in the third quarter worth $237,000. Finally, Flow Traders U.S. LLC bought a new position in ProShares Ultra Russell 2000 in the second quarter valued at about $263,000.

ProShares Ultra Russell 2000 Stock Down 0.1%

ProShares Ultra Russell 2000 stock opened at $53.03 on Wednesday. ProShares Ultra Russell 2000 has a 52-week low of $24.47 and a 52-week high of $56.97. The company has a market cap of $299.62 million, a P/E ratio of 13.49 and a beta of 2.27. The business has a 50-day simple moving average of $51.65 and a two-hundred day simple moving average of $47.55.

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.