ProShares Ultra Russell2000 (NYSEARCA:UWM) Position Trimmed by Larson Financial Group LLC

Larson Financial Group LLC trimmed its holdings in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) by 38.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,600 shares of the company’s stock after selling 1,003 shares during the quarter. Larson Financial Group LLC’s holdings in ProShares Ultra Russell2000 were worth $67,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new stake in ProShares Ultra Russell2000 during the third quarter worth approximately $147,000. Arizona PSPRS Trust bought a new stake in ProShares Ultra Russell2000 during the third quarter worth approximately $215,000. US Bancorp DE bought a new stake in ProShares Ultra Russell2000 during the fourth quarter worth approximately $224,000. Sigma Planning Corp bought a new stake in ProShares Ultra Russell2000 during the fourth quarter worth approximately $225,000. Finally, Principal Securities Inc. bought a new stake in ProShares Ultra Russell2000 during the fourth quarter worth approximately $240,000.

ProShares Ultra Russell2000 Stock Performance

Shares of NYSEARCA:UWM opened at $34.09 on Thursday. The stock has a market capitalization of $335.79 million, a price-to-earnings ratio of 16.43 and a beta of 2.33. ProShares Ultra Russell2000 has a 1-year low of $33.23 and a 1-year high of $51.87. The company has a 50 day moving average price of $41.53 and a 200 day moving average price of $43.24.

ProShares Ultra Russell2000 Profile

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.