Short Interest in ProShares Ultra Russell 2000 (NYSEARCA:UWM) Increases By 93.7%

ProShares Ultra Russell 2000 (NYSEARCA:UWM) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 106,125 shares, an increase of 93.7% from the January 29th total of 54,779 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 748,605 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 748,605 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.9% of the company’s stock are short sold.

ProShares Ultra Russell 2000 Stock Performance

UWM stock opened at $52.31 on Monday. The firm has a market cap of $295.55 million, a P/E ratio of 13.49 and a beta of 2.27. ProShares Ultra Russell 2000 has a 1 year low of $24.47 and a 1 year high of $56.97. The stock has a 50-day simple moving average of $52.26 and a 200-day simple moving average of $48.31.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of ProShares Ultra Russell 2000 in the fourth quarter valued at $3,344,000. OLD Mission Capital LLC purchased a new position in ProShares Ultra Russell 2000 in the 4th quarter valued at about $1,517,000. Kestra Advisory Services LLC purchased a new position in ProShares Ultra Russell 2000 in the 4th quarter valued at about $317,000. Federation des caisses Desjardins du Quebec acquired a new stake in shares of ProShares Ultra Russell 2000 during the fourth quarter valued at about $47,000. Finally, HRT Financial LP purchased a new stake in shares of ProShares Ultra Russell 2000 during the fourth quarter worth about $271,000.

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.