Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Grows By 21.9%

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,964 shares, an increase of 21.9% from the January 15th total of 1,611 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 5,430 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 5,430 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. LTG Capital LLC boosted its position in ProShares Ultra SmallCap600 by 1.1% in the 2nd quarter. LTG Capital LLC now owns 355,707 shares of the company’s stock valued at $7,872,000 after buying an additional 4,000 shares during the period. Osaic Holdings Inc. increased its holdings in shares of ProShares Ultra SmallCap600 by 532.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $176,000 after acquiring an additional 6,702 shares during the period. Corient Private Wealth LLC grew its stake in ProShares Ultra SmallCap600 by 14.0% in the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock valued at $798,000 after purchasing an additional 4,439 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of ProShares Ultra SmallCap600 during the 2nd quarter worth approximately $129,000.

ProShares Ultra SmallCap600 Stock Performance

SAA opened at $30.47 on Thursday. The stock’s 50 day moving average price is $28.44 and its 200-day moving average price is $26.26. ProShares Ultra SmallCap600 has a one year low of $15.22 and a one year high of $31.26. The stock has a market cap of $25.29 million, a price-to-earnings ratio of 15.32 and a beta of 2.18.

ProShares Ultra SmallCap600 Company Profile

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.