ProShares Russell 2000 High Income ETF (BATS:ITWO) Short Interest Down 37.9% in August

ProShares Russell 2000 High Income ETF (BATS:ITWO) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 8,153 shares, a drop of 37.9% from the August 15th total of 13,119 shares. Based on an average daily trading volume, of 30,038 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.6% of the shares of the company are sold short.

ProShares Russell 2000 High Income ETF Stock Down 0.8%

Shares of ITWO opened at $44.02 on Wednesday. The stock’s 50-day moving average price is $45.83 and its 200 day moving average price is $44.04. The firm has a market capitalization of $57.23 million and a price-to-earnings ratio of 17.43. ProShares Russell 2000 High Income ETF has a 12-month low of $37.09 and a 12-month high of $47.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in ProShares Russell 2000 High Income ETF by 22.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 9,691 shares of the company’s stock valued at $455,000 after buying an additional 1,788 shares during the period. Endeavor Private Wealth Inc. increased its stake in ProShares Russell 2000 High Income ETF by 5.8% in the second quarter. Endeavor Private Wealth Inc. now owns 11,489 shares of the company’s stock valued at $540,000 after acquiring an additional 630 shares during the period. Rothschild Capital Partners LLC acquired a new position in ProShares Russell 2000 High Income ETF in the second quarter worth about $1,025,000. Hennion & Walsh Asset Management Inc. lifted its stake in ProShares Russell 2000 High Income ETF by 4.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 220,650 shares of the company’s stock worth $10,362,000 after purchasing an additional 9,907 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in ProShares Russell 2000 High Income ETF by 34.0% during the first quarter. Sunbelt Securities Inc. now owns 7,907 shares of the company’s stock valued at $315,000 after purchasing an additional 2,007 shares in the last quarter.

About ProShares Russell 2000 High Income ETF

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.