Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) shot up 1.9% during mid-day trading on Wednesday . The company traded as high as $21.75 and last traded at $21.69. Approximately 551,411 shares changed hands during trading, a decline of 27% from the average session volume of 753,671 shares. The stock had previously closed at $21.28.
ProShares UltraShort Russell 2000 Trading Up 1.9%
The stock has a fifty day moving average of $22.25 and a 200-day moving average of $26.09.
Institutional Trading of ProShares UltraShort Russell 2000
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort Russell 2000 during the first quarter valued at $668,000. 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 buying an additional 1,362 shares during the period. Qube Research & Technologies Ltd increased its stake in ProShares UltraShort Russell 2000 by 101.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock worth $31,000 after buying an additional 454 shares during the period. IMC Chicago LLC bought a new stake in ProShares UltraShort Russell 2000 during the 4th quarter valued at about $1,201,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in ProShares UltraShort Russell 2000 by 0.6% during the 4th 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 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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