Short Interest in ProShares Ultra SmallCap600 (NYSEARCA:SAA) Decreases By 88.9%
by Tristan Rich · The Markets DailyProShares Ultra SmallCap600 (NYSEARCA:SAA – Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 919 shares, a decrease of 88.9% from the March 15th total of 8,291 shares. Based on an average trading volume of 7,089 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.
ProShares Ultra SmallCap600 Stock Performance
NYSEARCA SAA traded down $0.47 during trading hours on Friday, hitting $29.63. The company had a trading volume of 6,724 shares, compared to its average volume of 6,150. ProShares Ultra SmallCap600 has a 1-year low of $16.19 and a 1-year high of $31.26. The company has a market cap of $24.00 million, a PE ratio of 15.32 and a beta of 2.04. The business has a 50 day moving average of $28.51 and a 200-day moving average of $27.08.
ProShares Ultra SmallCap600 Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.0389 dividend. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, March 25th.
Hedge Funds Weigh In On ProShares Ultra SmallCap600
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LTG Capital LLC grew its holdings in shares of ProShares Ultra SmallCap600 by 0.8% during the third quarter. LTG Capital LLC now owns 358,427 shares of the company’s stock worth $9,181,000 after buying an additional 2,720 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of ProShares Ultra SmallCap600 by 14.0% during the second quarter. Corient Private Wealth LLC now owns 36,065 shares of the company’s stock worth $798,000 after buying an additional 4,439 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of ProShares Ultra SmallCap600 during the second quarter worth about $129,000. Finally, Osaic Holdings Inc. grew its holdings in shares of ProShares Ultra SmallCap600 by 532.8% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $176,000 after buying an additional 6,702 shares during the last quarter.
ProShares Ultra SmallCap600 Company Profile
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.