ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) shares shot up 1.7% during mid-day trading on Monday . The stock traded as high as $31.09 and last traded at $31.07. 416,566 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 335,168 shares. The stock had previously closed at $30.55.
ProShares UltraShort Russell 2000 Trading Up 2.3%
The business’s fifty day moving average price is $32.90 and its two-hundred day moving average price is $37.30.
Hedge Funds Weigh In On ProShares UltraShort Russell 2000
A number of large investors have recently added to or reduced their stakes in TWM. Qube Research & Technologies Ltd increased its holdings 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 valued at $31,000 after purchasing an additional 454 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of ProShares UltraShort Russell 2000 by 22.4% in the second quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock valued at $321,000 after buying an additional 1,362 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of ProShares UltraShort Russell 2000 by 25.1% in the second quarter. Hillsdale Investment Management Inc. now owns 37,772 shares of the company’s stock valued at $1,633,000 after buying an additional 7,570 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort Russell 2000 in the 1st quarter valued at $668,000.
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.
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