Client First Investment Management LLC Takes $5.04 Million Position in ProShares Ultra Russell 2000 $UWM

Client First Investment Management LLC acquired a new position in ProShares Ultra Russell 2000 (NYSEARCA:UWM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 108,750 shares of the company’s stock, valued at approximately $5,042,000. ProShares Ultra Russell 2000 comprises about 2.6% of Client First Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Client First Investment Management LLC owned approximately 1.98% of ProShares Ultra Russell 2000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UWM. North Capital Inc. bought a new position in ProShares Ultra Russell 2000 during the 3rd quarter worth $58,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of ProShares Ultra Russell 2000 by 924.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,049 shares of the company’s stock valued at $69,000 after buying an additional 1,849 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of ProShares Ultra Russell 2000 by 18.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,813 shares of the company’s stock worth $84,000 after acquiring an additional 276 shares during the last quarter. Truist Financial Corp acquired a new position in shares of ProShares Ultra Russell 2000 in the second quarter worth approximately $222,000. Finally, Flow Traders U.S. LLC bought a new stake in ProShares Ultra Russell 2000 in the second quarter valued at approximately $263,000.

ProShares Ultra Russell 2000 Stock Performance

NYSEARCA:UWM opened at $49.60 on Wednesday. ProShares Ultra Russell 2000 has a fifty-two week low of $24.47 and a fifty-two week high of $51.74. The company has a 50 day simple moving average of $47.25 and a two-hundred day simple moving average of $43.68. The company has a market capitalization of $260.40 million, a PE ratio of 13.49 and a beta of 2.27.

About ProShares Ultra Russell 2000

The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.