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 May 10, 2024, UWM stock price declined to $38.06 with 377,300 million shares trading.

UWM has a beta of 2.41, meaning it tends to be more sensitive to market movements. UWM has a correlation of 0.63 to the broad based SPY ETF.

UWM has a market cap of $203.62 million. This is considered a Small Cap stock.

In the last 3 years, UWM stock traded as high as $67.26 and as low as $25.12.

UWM has underperformed the market in the last year with a return of +26.9%, while the SPY ETF gained +27.8%. In the last 3 month period, UWM fell short of the market, returning +2.7%, while SPY returned +4.2%. However, in the most recent 2 weeks UWM has outperformed the stock market by returning +5.6%, while SPY returned +2.5%.

UWM support price is $37.63 and resistance is $39.63 (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 stock will trade within this expected range on the day.