ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Stock Price Down 1% – Here’s What Happened

ProShares UltraShort Russell 2000 (NYSEARCA:TWM)’s share price traded down 1% on Monday . The stock traded as low as $22.87 and last traded at $23.01. Approximately 678,092 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 723,918 shares. The stock had previously closed at $23.25.

ProShares UltraShort Russell 2000 Price Performance

The business’s 50-day simple moving average is $21.58 and its 200-day simple moving average is $24.07.

Institutional Trading of ProShares UltraShort Russell 2000

A hedge fund recently raised its stake in ProShares UltraShort Russell 2000 stock. Hillsdale Investment Management Inc. grew its position in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) by 18.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,302 shares of the company’s stock after purchasing 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 at the end of the most recent quarter.

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.