ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Sees Large Drop in Short Interest

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 42,341 shares, a decline of 40.2% from the February 26th total of 70,813 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily volume of 1,518,140 shares, the short-interest ratio is presently 0.0 days.

ProShares UltraShort Russell 2000 Stock Up 3.6%

TWM stock traded up $1.12 on Friday, hitting $32.35. 720,362 shares of the company’s stock traded hands, compared to its average volume of 852,803. ProShares UltraShort Russell 2000 has a 1-year low of $26.33 and a 1-year high of $71.27. The stock has a fifty day moving average of $29.04 and a 200-day moving average of $31.24.

ProShares UltraShort Russell 2000 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a $0.1446 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.58 annualized dividend and a dividend yield of 1.8%.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

Several large investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. grew its holdings in shares of ProShares UltraShort Russell 2000 by 0.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 67,042 shares of the company’s stock worth $2,145,000 after acquiring an additional 430 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of ProShares UltraShort Russell 2000 by 549,942.9% during the fourth 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 during the last quarter. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Russell 2000 in the 4th quarter valued at $1,201,000. Jane Street Group LLC purchased a new position in ProShares UltraShort Russell 2000 in the 4th quarter worth about $664,000. Finally, Flow Traders U.S. LLC increased its stake in ProShares UltraShort Russell 2000 by 22.4% in the 2nd quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock worth $321,000 after purchasing an additional 1,362 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.