ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAA) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 8,291 shares, a decline of 48.0% from the February 26th total of 15,951 shares. Based on an average daily volume of 4,894 shares, the short-interest ratio is presently 1.7 days. Currently, 1.0% of the shares of the company are sold short.

ProShares Ultra SmallCap600 Trading Up 1.7%

Shares of SAA stock opened at $27.32 on Thursday. The firm’s 50 day moving average is $28.88 and its 200 day moving average is $26.93. The stock has a market capitalization of $22.68 million, a P/E ratio of 15.32 and a beta of 2.18. ProShares Ultra SmallCap600 has a 12 month low of $15.22 and a 12 month high of $31.26.

ProShares Ultra SmallCap600 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.0389 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.16 annualized dividend and a dividend yield of 0.6%.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

Several hedge funds have recently made changes to their positions in SAA. Bank of America Corp DE bought a new stake in shares of ProShares Ultra SmallCap600 during the 2nd quarter valued at $129,000. Corient Private Wealth LLC boosted its stake in 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. Osaic Holdings Inc. boosted its stake in ProShares Ultra SmallCap600 by 532.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after purchasing an additional 6,702 shares during the period. Finally, LTG Capital LLC grew its holdings in ProShares Ultra SmallCap600 by 0.8% during the 3rd quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after buying an additional 2,720 shares in the last quarter.

ProShares Ultra SmallCap600 Company Profile

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.