ProShares UltraShort Russell2000 (NYSEARCA:TWM) Trading Up 1.8%

ProShares UltraShort Russell2000 (NYSEARCA:TWM)’s share price were up 1.8% during trading on Thursday . The stock traded as high as $10.05 and last traded at $10.01. Approximately 3,611,418 shares traded hands during trading, a decline of 7% from the average daily volume of 3,873,181 shares. The stock had previously closed at $9.83.

ProShares UltraShort Russell2000 Price Performance

The firm’s fifty day moving average is $10.52 and its two-hundred day moving average is $11.09.

Institutional Investors Weigh In On ProShares UltraShort Russell2000

A number of large investors have recently added to or reduced their stakes in TWM. Headlands Technologies LLC boosted its position in shares of ProShares UltraShort Russell2000 by 77.9% in the second quarter. Headlands Technologies LLC now owns 8,231 shares of the company’s stock valued at $92,000 after acquiring an additional 3,603 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of ProShares UltraShort Russell2000 by 23.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 41,890 shares of the company’s stock valued at $488,000 after acquiring an additional 7,890 shares during the period. Verity Asset Management Inc. bought a new stake in shares of ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $130,000. Finally, Simplex Trading LLC bought a new stake in shares of ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $150,000.

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.