ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Up 2,278.1% in April

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 21,855 shares, an increase of 2,278.1% from the March 31st total of 919 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average trading volume of 7,436 shares, the days-to-cover ratio is presently 2.9 days.

ProShares Ultra SmallCap600 Stock Up 1.3%

Shares of ProShares Ultra SmallCap600 stock opened at $32.34 on Friday. ProShares Ultra SmallCap600 has a 52-week low of $18.02 and a 52-week high of $32.85. The company has a 50 day moving average of $28.79 and a 200 day moving average of $27.50. The company has a market capitalization of $26.20 million, a P/E ratio of 15.32 and a beta of 2.04.

Hedge Funds Weigh In On ProShares Ultra SmallCap600

Institutional investors have recently made changes to their positions in the stock. LTG Capital LLC boosted its stake in shares of ProShares Ultra SmallCap600 by 0.8% during the third quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after acquiring an additional 2,720 shares during the last quarter. Corient Private Wealth LLC increased its position in ProShares Ultra SmallCap600 by 14.0% during the 2nd 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 in the last quarter. Osaic Holdings Inc. lifted its holdings in 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 purchasing an additional 6,702 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of ProShares Ultra SmallCap600 during the second quarter worth about $129,000.

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.