Arizona PSPRS Trust Invests $215,000 in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Arizona PSPRS Trust acquired a new stake in ProShares Ultra Russell2000 (NYSEARCA:UWM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,004 shares of the company’s stock, valued at approximately $215,000. Arizona PSPRS Trust owned approximately 0.09% of ProShares Ultra Russell2000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UWM. Larson Financial Group LLC increased its holdings in shares of 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 acquiring an additional 1,003 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in ProShares Ultra Russell2000 during the 3rd quarter worth approximately $147,000. Flow Traders U.S. LLC bought a new position in ProShares Ultra Russell2000 in the third quarter valued at approximately $286,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in ProShares Ultra Russell2000 in the third quarter valued at approximately $312,000. Finally, Renaissance Technologies LLC acquired a new position in shares of ProShares Ultra Russell2000 in the second quarter valued at approximately $450,000.

ProShares Ultra Russell2000 Stock Performance

Shares of NYSEARCA:UWM opened at $50.63 on Monday. ProShares Ultra Russell2000 has a 12 month low of $30.15 and a 12 month high of $51.87. The company’s fifty day simple moving average is $44.72 and its 200 day simple moving average is $41.34.

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.