UWM Stock Summary and Trading Ideas (ProShares Ultra Russell2000 | ARCA:UWM)

ProShares Ultra Russell2000 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the Russell 2000 Index.

ProShares Ultra Russell2000 trades on the ARCA stock market under the symbol UWM.

As of January 21, 2025, UWM stock price climbed to $45.08 with 426,496 million shares trading.

UWM has a beta of 2.42, meaning it tends to be more sensitive to market movements. UWM has a correlation of 0.52 to the broad based SPY ETF.

UWM has a market cap of $462.07 million. This is considered a Small Cap stock.

In the last 3 years, UWM traded as high as $51.87 and as low as $25.12.

UWM has outperformed the market in the last year with a price return of +35.0% while the SPY ETF gained +29.2%. However, in the short term, UWM had mixed performance relative to the market. It has underperformed in the last 3 months, returning +1.1% vs +3.9% return in SPY. But in the last 2 weeks, UWM shares have fared better than the market returning +4.3% compared to SPY +1.9%.

UWM support price is $42.11 and resistance is $44.69 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UWM shares will trade within this expected range on the day.