ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 61,788 shares, a decrease of 51.2% from the July 15th total of 126,707 shares. Based on an average daily trading volume, of 592,404 shares, the short-interest ratio is presently 0.1 days. Currently, 3.1% of the company’s stock are sold short.
ProShares UltraShort Russell 2000 Price Performance
Shares of TWM stock traded down $0.20 during trading hours on Friday, reaching $20.18. 263,541 shares of the company’s stock were exchanged, compared to its average volume of 723,952. ProShares UltraShort Russell 2000 has a 1 year low of $20.16 and a 1 year high of $40.21. The stock’s fifty day moving average price is $21.51 and its two-hundred day moving average price is $25.22.
Hedge Funds Weigh In On ProShares UltraShort Russell 2000
Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in ProShares UltraShort Russell 2000 during the 1st quarter worth about $668,000. Flow Traders U.S. LLC increased its holdings in shares of ProShares UltraShort Russell 2000 by 22.4% in 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 during the period. Qube Research & Technologies Ltd increased its holdings in shares of ProShares UltraShort Russell 2000 by 101.3% in the third quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock valued at $31,000 after purchasing an additional 454 shares during the period. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Russell 2000 in the fourth quarter worth about $1,201,000. Finally, Hillsdale Investment Management Inc. boosted its position in ProShares UltraShort Russell 2000 by 0.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 67,042 shares of the company’s stock valued at $2,145,000 after buying an additional 430 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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