ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $28.03 and traded as low as $23.37. ProShares UltraShort Russell 2000 shares last traded at $23.58, with a volume of 400,576 shares traded.
ProShares UltraShort Russell 2000 Stock Performance
The firm has a 50-day moving average of $28.03 and a 200-day moving average of $29.64.
Institutional Investors Weigh In On ProShares UltraShort Russell 2000
Several institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. lifted its stake in shares of ProShares UltraShort Russell 2000 by 18.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 79,302 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,260 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraShort Russell 2000 by 549,942.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock worth $1,232,000 after acquiring an additional 38,496 shares during the last quarter. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the 4th quarter worth approximately $1,201,000. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the 4th quarter worth approximately $664,000. Finally, Flow Traders U.S. LLC lifted its stake in shares of ProShares UltraShort Russell 2000 by 22.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock worth $321,000 after acquiring an additional 1,362 shares during the last quarter.
ProShares UltraShort Russell 2000 Company Profile
ProShares UltraShort Russell2000 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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