ProShares Ultra SmallCap600 (NYSEARCA:SAA) Short Interest Update

ProShares Ultra SmallCap600 (NYSEARCA:SAA) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 8,202 shares, an increase of 885.8% from the June 15th total of 832 shares. Based on an average daily volume of 10,113 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.0% of the shares of the stock are short sold.

ProShares Ultra SmallCap600 Stock Up 0.1%

SAA stock opened at $36.40 on Friday. The stock has a market capitalization of $29.48 million, a P/E ratio of 15.32 and a beta of 2.01. The firm has a 50-day simple moving average of $34.21 and a 200-day simple moving average of $30.68. ProShares Ultra SmallCap600 has a 52 week low of $21.09 and a 52 week high of $38.39.

Institutional Investors Weigh In On ProShares Ultra SmallCap600

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in shares of ProShares Ultra SmallCap600 in the second quarter worth approximately $129,000. Osaic Holdings Inc. raised its stake 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 during the last quarter. Corient Private Wealth LLC raised its stake in ProShares Ultra SmallCap600 by 14.0% in the 2nd 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, LTG Capital LLC lifted its holdings in ProShares Ultra SmallCap600 by 0.8% in the 3rd quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock valued at $9,181,000 after purchasing an additional 2,720 shares in the last quarter.

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.