ProShares UltraShort Russell2000 (NYSEARCA:TWM – Get Free Report) shares fell 3.6% during trading on Thursday . The stock traded as low as $11.61 and last traded at $11.63. 3,020,873 shares traded hands during trading, a decline of 7% from the average session volume of 3,261,419 shares. The stock had previously closed at $12.07.
ProShares UltraShort Russell2000 Trading Down 1.9 %
The company has a fifty day simple moving average of $11.39 and a two-hundred day simple moving average of $12.97.
Institutional Investors Weigh In On ProShares UltraShort Russell2000
A number of large investors have recently modified their holdings of the company. Hillsdale Investment Management Inc. raised its position in shares of ProShares UltraShort Russell2000 by 23.2% during the 4th quarter. Hillsdale Investment Management Inc. now owns 41,890 shares of the company’s stock worth $488,000 after acquiring an additional 7,890 shares in the last quarter. Verity Asset Management Inc. purchased a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $130,000. Simplex Trading LLC acquired a new stake in ProShares UltraShort Russell2000 during the fourth quarter worth approximately $150,000. Stratos Wealth Advisors LLC purchased a new stake in shares of ProShares UltraShort Russell2000 during the 4th quarter worth approximately $157,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraShort Russell2000 by 99.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 28,757 shares of the company’s stock valued at $449,000 after buying an additional 14,362 shares in the last quarter.
ProShares UltraShort Russell2000 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.
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