ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 57,714 shares, a drop of 61.9% from the May 14th total of 151,509 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 686,624 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On ProShares UltraShort Russell 2000
Large investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. boosted its stake in shares of ProShares UltraShort Russell 2000 by 76.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 66,612 shares of the company’s stock valued at $2,256,000 after purchasing an additional 28,840 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the 4th quarter valued at about $1,201,000. Tower Research Capital LLC TRC boosted 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 valued at $1,232,000 after purchasing an additional 38,496 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the 4th quarter valued at about $664,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of ProShares UltraShort Russell 2000 by 101.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock valued at $31,000 after purchasing an additional 454 shares in the last quarter.
ProShares UltraShort Russell 2000 Price Performance
ProShares UltraShort Russell 2000 stock traded down $0.34 during trading hours on Friday, reaching $22.09. The stock had a trading volume of 799,061 shares, compared to its average volume of 800,736. ProShares UltraShort Russell 2000 has a 52 week low of $21.64 and a 52 week high of $47.50. The company has a fifty day simple moving average of $24.79 and a 200-day simple moving average of $28.09.
About ProShares UltraShort Russell 2000
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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