ProShares UltraPro Russell2000 (NYSEARCA:URTY) Shares Down 2.4% – Time to Sell?

ProShares UltraPro Russell2000 (NYSEARCA:URTY) fell 2.4% on Tuesday . The stock traded as low as $36.25 and last traded at $36.76. 755,950 shares were traded during mid-day trading, a decline of 37% from the average session volume of 1,192,467 shares. The stock had previously closed at $37.67.

ProShares UltraPro Russell2000 Price Performance

The firm has a fifty day moving average price of $46.97 and a two-hundred day moving average price of $51.57. The stock has a market capitalization of $308.89 million, a PE ratio of 14.00 and a beta of 3.53.

Institutional Investors Weigh In On ProShares UltraPro Russell2000

Several large investors have recently bought and sold shares of URTY. US Bancorp DE raised its stake in shares of ProShares UltraPro Russell2000 by 10,040.0% in the fourth quarter. US Bancorp DE now owns 507 shares of the company’s stock valued at $25,000 after acquiring an additional 502 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of ProShares UltraPro Russell2000 during the third quarter worth about $49,000. Morse Asset Management Inc acquired a new position in shares of ProShares UltraPro Russell2000 during the third quarter worth about $156,000. GG Group Ventures LLC purchased a new stake in ProShares UltraPro Russell2000 during the fourth quarter worth about $248,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in ProShares UltraPro Russell2000 during the fourth quarter worth about $255,000.

About ProShares UltraPro Russell2000

The ProShares UltraPro Russell2000 (URTY) is an exchange-traded fund that is based on the Russell 2000 index. The fund provides 3x leveraged exposure to a market-cap-weighted index of US small-cap companies. URTY was launched on Feb 11, 2010 and is managed by ProShares.