ProShares Russell 2000 High Income ETF (BATS:ITWO) Sees Significant Decrease in Short Interest

ProShares Russell 2000 High Income ETF (BATS:ITWO) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 13,119 shares, a decrease of 70.5% from the July 30th total of 44,542 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 32,754 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Russell 2000 High Income ETF Stock Down 1.3%

BATS ITWO opened at $45.76 on Friday. ProShares Russell 2000 High Income ETF has a 52 week low of $37.09 and a 52 week high of $47.19. The company has a market capitalization of $59.49 million and a P/E ratio of 17.43. The stock’s 50-day moving average price is $46.18 and its 200-day moving average price is $43.78.

Hedge Funds Weigh In On ProShares Russell 2000 High Income ETF

Several large investors have recently added to or reduced their stakes in the company. Focus Partners Wealth boosted its position in shares of ProShares Russell 2000 High Income ETF by 2.0% in the third quarter. Focus Partners Wealth now owns 16,164 shares of the company’s stock worth $637,000 after purchasing an additional 319 shares during the period. Endeavor Private Wealth Inc. lifted its stake in shares of ProShares Russell 2000 High Income ETF by 5.8% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 11,489 shares of the company’s stock valued at $540,000 after buying an additional 630 shares in the last quarter. MJP Associates Inc. ADV boosted its holdings in ProShares Russell 2000 High Income ETF by 11.6% in the 4th quarter. MJP Associates Inc. ADV now owns 13,275 shares of the company’s stock worth $527,000 after buying an additional 1,379 shares during the period. Larson Financial Group LLC bought a new position in ProShares Russell 2000 High Income ETF in the 4th quarter worth $64,000. Finally, Sunbelt Securities Inc. increased its stake in ProShares Russell 2000 High Income ETF by 34.0% in the 1st quarter. Sunbelt Securities Inc. now owns 7,907 shares of the company’s stock worth $315,000 after buying an additional 2,007 shares in the last quarter.

ProShares Russell 2000 High Income ETF Company Profile

The ProShares Russell 2000 High Income ETF (ITWO) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index that holds Russell 2000 stocks and sells daily call options on the same index. The fund primarily uses swaps to replicate the buy-write strategy in replicating returns of the sub-index. ITWO was launched on Sep 4, 2024 and is issued by ProShares.