ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Shares Down 5% – Here’s What Happened

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) shares fell 5% on Friday. The company traded as low as $65.21 and last traded at $67.06. Approximately 506,673 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 943,667 shares. The stock had previously closed at $70.56.

ProShares UltraPro Russell 2000 Stock Down 5.0%

The company has a 50 day simple moving average of $71.88 and a 200 day simple moving average of $71.22. The company has a market capitalization of $278.30 million, a price-to-earnings ratio of 16.35 and a beta of 3.37.

Institutional Trading of ProShares UltraPro Russell 2000

A number of hedge funds have recently made changes to their positions in the company. IMC Chicago LLC raised its position in shares of ProShares UltraPro Russell 2000 by 69.1% in the 1st quarter. IMC Chicago LLC now owns 19,451 shares of the company’s stock valued at $1,003,000 after purchasing an additional 7,951 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in shares of ProShares UltraPro Russell 2000 in the 3rd quarter worth approximately $779,000. Founders Financial Securities LLC acquired a new position in shares of ProShares UltraPro Russell 2000 in the 3rd quarter worth approximately $664,000. Axxcess Wealth Management LLC bought a new stake in ProShares UltraPro Russell 2000 during the third quarter valued at $485,000. Finally, Ascentis Independent Advisors grew its position in shares of ProShares UltraPro Russell 2000 by 93.3% during the 1st quarter. Ascentis Independent Advisors now owns 8,165 shares of the company’s stock valued at $421,000 after buying an additional 3,941 shares during the last quarter.

ProShares UltraPro Russell 2000 Company Profile

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.