ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Down 57.1% in July

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 3,517 shares, a drop of 57.1% from the June 30th total of 8,202 shares. Based on an average daily trading volume, of 5,432 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares Ultra SmallCap600

Several large investors have recently added to or reduced their stakes in SAA. Bank of America Corp DE purchased a new stake in ProShares Ultra SmallCap600 during the second quarter valued at approximately $129,000. Corient Private Wealth LLC boosted its holdings in shares of ProShares Ultra SmallCap600 by 14.0% in 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 during the period. Finally, Osaic Holdings Inc. boosted 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 worth $176,000 after purchasing an additional 6,702 shares during the period.

ProShares Ultra SmallCap600 Price Performance

ProShares Ultra SmallCap600 stock opened at $35.99 on Monday. The company’s 50-day moving average price is $35.00 and its 200-day moving average price is $31.40. ProShares Ultra SmallCap600 has a twelve month low of $21.09 and a twelve month high of $38.39. The company has a market cap of $29.15 million, a PE ratio of 15.32 and a beta of 2.01.

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.