ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Shares Cross Below 50 Day Moving Average – Here’s Why

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.79 and traded as low as $20.63. ProShares UltraShort Russell 2000 shares last traded at $21.05, with a volume of 315,200 shares traded.

ProShares UltraShort Russell 2000 Price Performance

The stock’s 50-day moving average price is $21.79 and its 200-day moving average price is $25.52.

Institutional Trading of ProShares UltraShort Russell 2000

Institutional investors have recently bought and sold shares of the business. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Russell 2000 during the 4th quarter worth approximately $1,201,000. Tower Research Capital LLC TRC increased its holdings in shares of ProShares UltraShort Russell 2000 by 549,942.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock worth $1,232,000 after purchasing an additional 38,496 shares during the period. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Russell 2000 in the first quarter valued at approximately $668,000. Hillsdale Investment Management Inc. raised its position 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 valued at $2,456,000 after buying an additional 12,260 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of 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 buying 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.