ProShares UltraPro Russell 2000 (NYSEARCA:URTY) Short Interest Down 53.4% in December

ProShares UltraPro Russell 2000 (NYSEARCA:URTY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 254,258 shares, a drop of 53.4% from the December 15th total of 545,606 shares. Based on an average trading volume of 889,464 shares, the short-interest ratio is currently 0.3 days. Approximately 3.9% of the shares of the company are sold short. Approximately 3.9% of the shares of the company are sold short. Based on an average trading volume of 889,464 shares, the short-interest ratio is currently 0.3 days.

ProShares UltraPro Russell 2000 Stock Performance

Shares of URTY stock traded up $1.31 during mid-day trading on Wednesday, reaching $64.56. 1,193,404 shares of the company’s stock traded hands, compared to its average volume of 1,592,745. The firm has a market capitalization of $419.64 million, a PE ratio of 16.35 and a beta of 3.42. ProShares UltraPro Russell 2000 has a 12 month low of $21.15 and a 12 month high of $64.74. The firm has a 50 day moving average price of $54.96 and a two-hundred day moving average price of $50.80.

Institutional Trading of ProShares UltraPro Russell 2000

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. grew its holdings in ProShares UltraPro Russell 2000 by 5.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,480 shares of the company’s stock valued at $396,000 after buying an additional 401 shares in the last quarter. Founders Financial Securities LLC lifted its holdings in shares of ProShares UltraPro Russell 2000 by 11.4% in the third quarter. Founders Financial Securities LLC now owns 8,282 shares of the company’s stock worth $439,000 after buying an additional 850 shares in the last quarter. Millington Financial Advisors LLC boosted its position in shares of ProShares UltraPro Russell 2000 by 10.6% during the third quarter. Millington Financial Advisors LLC now owns 12,577 shares of the company’s stock worth $680,000 after acquiring an additional 1,207 shares during the last quarter. Group One Trading LLC grew its stake in ProShares UltraPro Russell 2000 by 548.0% during the second quarter. Group One Trading LLC now owns 1,756 shares of the company’s stock valued at $69,000 after acquiring an additional 1,485 shares in the last quarter. Finally, Golden State Equity Partners purchased a new position in ProShares UltraPro Russell 2000 during the third quarter valued at $228,000.

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.