Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Declines By 17.8%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 78,215 shares, a drop of 17.8% from the January 29th total of 95,173 shares. Based on an average daily volume of 544,277 shares, the short-interest ratio is currently 0.1 days. Currently, 5.8% of the company’s shares are sold short. Currently, 5.8% of the company’s shares are sold short. Based on an average daily volume of 544,277 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraShort Russell 2000 Stock Performance

Shares of TWM stock traded down $0.55 on Wednesday, reaching $28.29. The company had a trading volume of 1,731,554 shares, compared to its average volume of 697,387. The company has a 50-day moving average of $28.63 and a 200-day moving average of $32.00. ProShares UltraShort Russell 2000 has a 12 month low of $26.33 and a 12 month high of $71.27.

Hedge Funds Weigh In On ProShares UltraShort Russell 2000

A number of hedge funds and other institutional investors have recently made changes to their positions in TWM. Hillsdale Investment Management Inc. increased its stake in ProShares UltraShort Russell 2000 by 76.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 66,612 shares of the company’s stock worth $2,256,000 after purchasing an additional 28,840 shares in the last quarter. IMC Chicago LLC bought a new position in ProShares UltraShort Russell 2000 in the fourth quarter valued at approximately $1,201,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 buying an additional 38,496 shares during the period. Jane Street Group LLC acquired a new position in shares of ProShares UltraShort Russell 2000 in the fourth quarter valued at approximately $664,000. Finally, Qube Research & Technologies Ltd increased its position in shares of ProShares UltraShort Russell 2000 by 101.3% during the third quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock worth $31,000 after acquiring an additional 454 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.