Global View Capital Management LLC Buys New Position in ProShares Ultra Russell2000 (NYSEARCA:UWM)

Global View Capital Management LLC bought a new stake in shares of ProShares Ultra Russell2000 (NYSEARCA:UWM) in the 4th quarter, Holdings Channel.com reports. The firm bought 22,811 shares of the company’s stock, valued at approximately $957,000.

A number of other hedge funds have also modified their holdings of the company. Larson Financial Group LLC boosted its position 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 purchasing an additional 1,003 shares during the period. Peterson Financial Group Inc. bought a new position in shares of ProShares Ultra Russell2000 in the third quarter worth approximately $147,000. Arizona PSPRS Trust bought a new position in shares of ProShares Ultra Russell2000 in the third quarter worth approximately $215,000. US Bancorp DE bought a new position in shares of ProShares Ultra Russell2000 in the fourth quarter worth approximately $224,000. Finally, Sigma Planning Corp bought a new position in shares of ProShares Ultra Russell2000 in the fourth quarter worth approximately $225,000.

ProShares Ultra Russell2000 Price Performance

UWM opened at $33.97 on Tuesday. The firm has a market cap of $334.60 million, a P/E ratio of 16.43 and a beta of 2.33. ProShares Ultra Russell2000 has a 1-year low of $33.28 and a 1-year high of $51.87. The company has a 50 day simple moving average of $41.84 and a two-hundred day simple moving average of $43.37.

ProShares Ultra Russell2000 Company 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.