Silverleafe Capital Partners LLC Takes $344,000 Position in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Silverleafe Capital Partners LLC purchased a new position in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,220 shares of the company’s stock, valued at approximately $344,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc lifted its position in ProShares Ultra Russell2000 by 1.3% during the third quarter. Capital Investment Counsel Inc now owns 53,796 shares of the company’s stock worth $2,309,000 after buying an additional 681 shares during the period. Larson Financial Group LLC increased its stake in shares of ProShares Ultra Russell2000 by 62.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,603 shares of the company’s stock valued at $112,000 after acquiring an additional 1,003 shares during the last quarter. Peterson Financial Group Inc. purchased a new position in shares of ProShares Ultra Russell2000 during the 3rd quarter worth about $147,000. Arizona PSPRS Trust acquired a new stake in shares of ProShares Ultra Russell2000 in the third quarter worth approximately $215,000. Finally, Flow Traders U.S. LLC purchased a new stake in ProShares Ultra Russell2000 in the third quarter valued at approximately $286,000.

ProShares Ultra Russell2000 Trading Up 1.5 %

Shares of UWM traded up $0.66 during trading hours on Monday, hitting $43.88. The stock had a trading volume of 339,561 shares, compared to its average volume of 450,226. ProShares Ultra Russell2000 has a 12-month low of $33.01 and a 12-month high of $51.87. The company’s fifty day simple moving average is $46.10 and its 200 day simple moving average is $42.63.

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.