ProShares Ultra SmallCap600 (NYSEARCA:SAA) Stock Short Interest Jumps 1,080.1%

by · The Markets Daily

ProShares Ultra SmallCap600 (NYSEARCA:SAA – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,549 shares, an increase of 1,080.1% from the September 30th total of 216 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 4,283 shares, the days-to-cover ratio is presently 0.6 days.

ProShares Ultra SmallCap600 Trading Up 0.9%

Shares of SAA traded up $0.29 during midday trading on Monday, reaching $32.66. The stock had a trading volume of 1,778 shares, compared to its average volume of 5,178. ProShares Ultra SmallCap600 has a one year low of $22.57 and a one year high of $38.94. The firm has a market cap of $25.80 million, a PE ratio of 15.32 and a beta of 2.06. The firm has a 50 day simple moving average of $33.89 and a 200-day simple moving average of $32.41.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra SmallCap600 stock. Toth Financial Advisory Corp purchased a new position in shares of ProShares Ultra SmallCap600 (NYSEARCA:SAA – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 914 shares of the company’s stock, valued at approximately $29,000. Toth Financial Advisory Corp owned about 0.11% of ProShares Ultra SmallCap600 at the end of the most recent quarter.

About ProShares Ultra SmallCap600

(Get Free Report)

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.

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