Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.99 and traded as high as $22.56. ProShares UltraShort Russell 2000 shares last traded at $22.47, with a volume of 669,255 shares traded.
ProShares UltraShort Russell 2000 Stock Performance
The firm has a fifty day simple moving average of $21.95 and a two-hundred day simple moving average of $25.76.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC purchased a new stake in ProShares UltraShort Russell 2000 in the 4th quarter valued at about $1,201,000. Hillsdale Investment Management Inc. boosted its position in ProShares UltraShort Russell 2000 by 18.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 79,302 shares of the company’s stock valued at $2,456,000 after acquiring an additional 12,260 shares in the last quarter. Flow Traders U.S. LLC boosted its position in ProShares UltraShort Russell 2000 by 22.4% during the second quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock valued at $321,000 after purchasing an additional 1,362 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Russell 2000 in the 4th quarter valued at about $664,000. Finally, Tower Research Capital LLC TRC boosted its stake in ProShares UltraShort Russell 2000 by 549,942.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock valued at $1,232,000 after acquiring an additional 38,496 shares in 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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