Financial Management Network Inc. Makes New $465,000 Investment in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Financial Management Network Inc. acquired a new position in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) during the fourth quarter, HoldingsChannel reports. The fund acquired 10,765 shares of the company’s stock, valued at approximately $465,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC bought a new stake in ProShares Ultra Russell2000 during the 4th quarter worth about $8,240,000. Toth Financial Advisory Corp lifted its position in ProShares Ultra Russell2000 by 42.5% during the 4th quarter. Toth Financial Advisory Corp now owns 64,975 shares of the company’s stock valued at $2,719,000 after purchasing an additional 19,373 shares during the period. Quadrature Capital Ltd acquired a new position in ProShares Ultra Russell2000 during the 3rd quarter valued at about $2,471,000. Capital Investment Counsel Inc lifted its position in ProShares Ultra Russell2000 by 1.3% during the 3rd quarter. Capital Investment Counsel Inc now owns 53,796 shares of the company’s stock valued at $2,309,000 after purchasing an additional 681 shares during the period. Finally, IMC Chicago LLC acquired a new position in ProShares Ultra Russell2000 during the 4th quarter valued at about $1,495,000.

ProShares Ultra Russell2000 Stock Performance

ProShares Ultra Russell2000 stock opened at $43.85 on Wednesday. ProShares Ultra Russell2000 has a 1 year low of $33.57 and a 1 year high of $51.87. The company’s 50-day moving average is $43.58 and its two-hundred day moving average is $43.37.

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.