ProShares UltraShort Russell 2000 $TWM Shares Newly Bought by Trek Financial LLC

Trek Financial LLC purchased a new stake in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 890,323 shares of the company’s stock, valued at approximately $21,510,000. ProShares UltraShort Russell 2000 makes up about 1.0% of Trek Financial LLC’s portfolio, making the stock its 18th biggest holding. Trek Financial LLC owned 35.61% of ProShares UltraShort Russell 2000 at the end of the most recent quarter.

Separately, Hillsdale Investment Management Inc. raised its stake in shares of ProShares UltraShort Russell 2000 by 18.3% in the first quarter. Hillsdale Investment Management Inc. now owns 79,302 shares of the company’s stock worth $2,456,000 after purchasing an additional 12,260 shares during the last quarter.

ProShares UltraShort Russell 2000 Stock Performance

Shares of ProShares UltraShort Russell 2000 stock opened at $23.98 on Monday. The stock has a fifty day simple moving average of $23.22 and a 200 day simple moving average of $24.75. ProShares UltraShort Russell 2000 has a 12-month low of $20.16 and a 12-month high of $37.66.

ProShares UltraShort Russell 2000 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.