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 17, 2025, UWM stock price climbed to $43.40 with 411,439 million shares trading.

UWM has a market cap of $444.85 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 return of +30.1%, while the SPY ETF gained +28.0%. However, in the most recent history, UWM shares have underperformed the stock market with its stock returning -2.7% in the last 3 month period and +0.4% for the last 2 week period, while SPY has returned +3.0% and +1.0%, respectively.

UWM support price is $41.82 and resistance is $44.38 (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.