ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) traded down 3.3% during mid-day trading on Tuesday. The company traded as low as $24.36 and last traded at $24.54. 761,715 shares were traded during trading, an increase of 2% from the average session volume of 745,728 shares. The stock had previously closed at $25.39.
ProShares UltraShort Russell 2000 Price Performance
The firm’s fifty day simple moving average is $22.76 and its 200 day simple moving average is $23.01.
Hedge Funds Weigh In On ProShares UltraShort Russell 2000
An institutional investor recently raised its position in ProShares UltraShort Russell 2000 stock. Hillsdale Investment Management Inc. increased its stake in shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Free Report) by 18.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,302 shares of the company’s stock after acquiring an additional 12,260 shares during the period. Hillsdale Investment Management Inc. owned about 4.17% of ProShares UltraShort Russell 2000 worth $2,456,000 as of its most recent filing with the Securities & Exchange Commission.
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.
See Also
- Five stocks we like better than ProShares UltraShort Russell 2000
- There’s a New Q in Town: Invesco’s ETF Targets International Innovators
- Boarding Now—GE Aerospace’s Earnings Beat Comes With a Catch
- AI Spending Is Surging—But Which Stocks Still Win if It Slows Down?
- Are RTX Corporation and Northrop Grumman Ready to Break Out?
Receive News & Ratings for ProShares UltraShort Russell 2000 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Russell 2000 and related companies with MarketBeat.com's FREE daily email newsletter.
