SP Asset Management LLC reduced its holdings in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM – Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,200 shares of the company’s stock after selling 3,392 shares during the period. SP Asset Management LLC’s holdings in ProShares Ultra Russell2000 were worth $301,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in ProShares Ultra Russell2000 in the third quarter worth $147,000. Larson Financial Group LLC boosted its position in ProShares Ultra Russell2000 by 62.7% in the third quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock worth $112,000 after purchasing an additional 1,003 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in ProShares Ultra Russell2000 in the third quarter worth about $286,000. Arizona PSPRS Trust bought a new stake in ProShares Ultra Russell2000 in the third quarter worth about $215,000. Finally, Quadrature Capital Ltd bought a new stake in ProShares Ultra Russell2000 in the third quarter worth about $2,471,000.
ProShares Ultra Russell2000 Stock Performance
Shares of UWM stock opened at $36.74 on Thursday. The firm has a market cap of $361.89 million, a price-to-earnings ratio of 16.43 and a beta of 2.33. ProShares Ultra Russell2000 has a 52 week low of $33.57 and a 52 week high of $51.87. The firm’s 50-day simple moving average is $42.29 and its two-hundred day simple moving average is $43.47.
About ProShares Ultra Russell2000
The ProShares Ultra Russell2000 (UWM) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 2x leveraged exposure to a market-cap-weighted index of US small-cap companies. UWM was launched on Jan 23, 2007 and is managed by ProShares.
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