Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Decreases By 59.5%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 4,154 shares, a decline of 59.5% from the August 15th total of 10,257 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 2,519 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SAA. Osaic Holdings Inc. boosted its position in shares of ProShares Ultra SmallCap600 by 532.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $176,000 after purchasing an additional 6,702 shares in the last quarter. Corient Private Wealth LLC grew its stake in ProShares Ultra SmallCap600 by 14.0% during the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock worth $798,000 after purchasing an additional 4,439 shares during the period. Finally, Bank of America Corp DE bought a new stake in ProShares Ultra SmallCap600 in the second quarter worth approximately $129,000.

ProShares Ultra SmallCap600 Trading Up 1.0%

Shares of SAA opened at $34.28 on Friday. The firm’s fifty day simple moving average is $36.54 and its two-hundred day simple moving average is $33.14. ProShares Ultra SmallCap600 has a 12 month low of $22.57 and a 12 month high of $38.94. The stock has a market capitalization of $27.77 million, a P/E ratio of 15.32 and a beta of 2.02.

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.