ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Trading Down 1.9% – Time to Sell?

Shares of ProShares UltraPro Russell 2000 (NYSEARCA:URTY) fell 1.9% during trading on Monday . The company traded as low as $78.80 and last traded at $79.78. Approximately 327,169 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,086,031 shares. The stock had previously closed at $81.34.

ProShares UltraPro Russell 2000 Stock Down 1.9%

The firm has a 50 day moving average price of $83.76 and a two-hundred day moving average price of $72.56. The company has a market capitalization of $323.11 million, a price-to-earnings ratio of 16.35 and a beta of 3.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Simplex Trading LLC grew its stake in ProShares UltraPro Russell 2000 by 287.6% during the 4th quarter. Simplex Trading LLC now owns 1,031 shares of the company’s stock valued at $55,000 after purchasing an additional 765 shares in the last quarter. Group One Trading LLC raised its position in shares of ProShares UltraPro Russell 2000 by 548.0% in the 2nd quarter. Group One Trading LLC now owns 1,756 shares of the company’s stock valued at $69,000 after purchasing an additional 1,485 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of ProShares UltraPro Russell 2000 in the 4th quarter valued at approximately $99,000. Tucker Asset Management LLC purchased a new position in shares of ProShares UltraPro Russell 2000 during the 2nd quarter valued at approximately $141,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of ProShares UltraPro Russell 2000 by 22.1% during the 4th quarter. Kestra Advisory Services LLC now owns 5,520 shares of the company’s stock valued at $294,000 after buying an additional 1,000 shares during the last quarter.

About ProShares UltraPro Russell 2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.