ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Sees Large Drop in Short Interest

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 76,603 shares, a decline of 36.5% from the November 30th total of 120,682 shares. Currently, 6.1% of the shares of the company are short sold. Based on an average daily trading volume, of 439,302 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 439,302 shares, the short-interest ratio is presently 0.2 days. Currently, 6.1% of the shares of the company are short sold.

ProShares UltraShort Russell 2000 Stock Up 1.4%

TWM stock traded up $0.44 during trading on Tuesday, reaching $31.48. The stock had a trading volume of 304,061 shares, compared to its average volume of 336,987. The stock’s 50 day moving average is $32.55 and its two-hundred day moving average is $36.35. ProShares UltraShort Russell 2000 has a 52 week low of $29.60 and a 52 week high of $71.27.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

Several hedge funds and other institutional investors have recently bought and sold shares of TWM. Qube Research & Technologies Ltd increased its holdings in ProShares UltraShort Russell 2000 by 101.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock worth $31,000 after purchasing an additional 454 shares during the last quarter. Flow Traders U.S. LLC lifted its holdings in shares of ProShares UltraShort Russell 2000 by 22.4% during the second quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock valued at $321,000 after acquiring an additional 1,362 shares during the period. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the first quarter valued at approximately $668,000. Finally, Hillsdale Investment Management Inc. increased its holdings 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 worth $1,633,000 after acquiring an additional 7,570 shares in the last 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.