Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Drops By 36.5%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) saw a significant decline in short interest during 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. Approximately 6.1% of the company’s shares are short sold. Based on an average trading volume of 439,302 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 439,302 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.1% of the company’s shares are short sold.

ProShares UltraShort Russell 2000 Trading Up 1.2%

Shares of TWM stock opened at $30.67 on Friday. ProShares UltraShort Russell 2000 has a 12 month low of $29.60 and a 12 month high of $71.27. The stock has a 50-day moving average price of $32.57 and a 200 day moving average price of $36.51.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

A number of institutional investors and hedge funds have recently modified their holdings of TWM. Hillsdale Investment Management Inc. grew its stake in shares of ProShares UltraShort Russell 2000 by 76.4% during the third quarter. Hillsdale Investment Management Inc. now owns 66,612 shares of the company’s stock worth $2,256,000 after purchasing an additional 28,840 shares during the period. Jane Street Group LLC bought a new position in ProShares UltraShort Russell 2000 during the 1st quarter worth approximately $668,000. Flow Traders U.S. LLC grew its holdings in 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 purchasing an additional 1,362 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in ProShares UltraShort Russell 2000 by 101.3% in the third quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock valued at $31,000 after purchasing an additional 454 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.