ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Short Interest Up 225.8% in June

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 818,212 shares, an increase of 225.8% from the May 31st total of 251,116 shares. Based on an average trading volume of 4,247,656 shares, the days-to-cover ratio is currently 0.2 days. Approximately 28.3% of the company’s shares are short sold.

ProShares UltraPro Short Russell 2000 Stock Performance

ProShares UltraPro Short Russell 2000 stock opened at $21.70 on Tuesday. ProShares UltraPro Short Russell 2000 has a 12-month low of $21.10 and a 12-month high of $71.44. The firm has a 50-day moving average price of $25.71 and a 200-day moving average price of $33.08.

Institutional Trading of ProShares UltraPro Short Russell 2000

Several institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC boosted its position in shares of ProShares UltraPro Short Russell 2000 by 278.0% during the third quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 4,286 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraPro Short Russell 2000 by 495.3% in the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 5,498 shares during the period. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro Short Russell 2000 during the 1st quarter worth approximately $135,000. Qube Research & Technologies Ltd lifted its stake in shares of ProShares UltraPro Short Russell 2000 by 3,171.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock worth $148,000 after acquiring an additional 8,405 shares during the last quarter. Finally, StoneX Group Inc. purchased a new position in ProShares UltraPro Short Russell 2000 during the 2nd quarter valued at $173,000.

About ProShares UltraPro Short Russell 2000

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).