Capital Investment Advisory Services LLC Buys New Position in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Capital Investment Advisory Services LLC bought a new stake in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $137,000.

Several other hedge funds also recently added to or reduced their stakes in UWM. Simplex Trading LLC acquired a new position in shares of ProShares Ultra Russell2000 in the third quarter valued at about $153,000. Kingswood Wealth Advisors LLC acquired a new position in shares of ProShares Ultra Russell2000 in the fourth quarter valued at about $327,000. Toth Financial Advisory Corp increased its holdings in shares of ProShares Ultra Russell2000 by 35.5% in the fourth quarter. Toth Financial Advisory Corp now owns 20,452 shares of the company’s stock valued at $778,000 after purchasing an additional 5,357 shares during the period. Capital Investment Counsel Inc increased its holdings in shares of ProShares Ultra Russell2000 by 25.1% in the third quarter. Capital Investment Counsel Inc now owns 29,890 shares of the company’s stock valued at $904,000 after purchasing an additional 6,000 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of ProShares Ultra Russell2000 by 641.8% in the third quarter. Tower Research Capital LLC TRC now owns 39,503 shares of the company’s stock valued at $1,194,000 after purchasing an additional 34,178 shares during the period.

ProShares Ultra Russell2000 Price Performance

Shares of UWM stock opened at $35.81 on Thursday. ProShares Ultra Russell2000 has a fifty-two week low of $25.12 and a fifty-two week high of $41.39. The stock’s 50-day simple moving average is $37.94 and its 200-day simple moving average is $34.54.

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.