Tradition Wealth Management LLC Has $6.37 Million Stake in ProShares Ultra SmallCap600 (NYSEARCA:SAA)

Tradition Wealth Management LLC reduced its holdings in ProShares Ultra SmallCap600 (NYSEARCA:SAA) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,000 shares of the company’s stock after selling 15,000 shares during the quarter. Tradition Wealth Management LLC owned approximately 0.18% of ProShares Ultra SmallCap600 worth $6,365,000 at the end of the most recent reporting period.

ProShares Ultra SmallCap600 Price Performance

SAA stock opened at $17.39 on Friday. The business has a fifty day moving average price of $21.41 and a 200 day moving average price of $25.52. ProShares Ultra SmallCap600 has a fifty-two week low of $15.22 and a fifty-two week high of $32.32. The stock has a market capitalization of $22.95 million, a price-to-earnings ratio of 13.76 and a beta of 2.13.

ProShares Ultra SmallCap600 Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a $0.0498 dividend. The ex-dividend date was Wednesday, March 26th.

ProShares Ultra SmallCap600 Profile

ProShares Ultra SmallCap600 (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.