ProShares Ultra SmallCap600 (NYSEARCA:SAA – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 216 shares, a decline of 68.6% from the September 15th total of 687 shares. Based on an average daily trading volume, of 2,849 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in ProShares Ultra SmallCap600 stock. Toth Financial Advisory Corp acquired a new position in ProShares Ultra SmallCap600 (NYSEARCA:SAA – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 914 shares of the company’s stock, valued at approximately $29,000. Toth Financial Advisory Corp owned about 0.11% of ProShares Ultra SmallCap600 at the end of the most recent quarter.
ProShares Ultra SmallCap600 Price Performance
NYSEARCA SAA traded down $0.02 during trading on Monday, reaching $32.10. The company’s stock had a trading volume of 214 shares, compared to its average volume of 5,226. The firm has a fifty day moving average of $35.04 and a 200 day moving average of $33.84. ProShares Ultra SmallCap600 has a one year low of $22.57 and a one year high of $38.94. The stock has a market capitalization of $25.68 million, a PE ratio of 15.32 and a beta of 2.06.
About ProShares Ultra SmallCap600
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.
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