ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Trading Down 1% – What’s Next?

Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM) were down 1% during mid-day trading on Tuesday . The company traded as low as $30.73 and last traded at $31.09. Approximately 711,370 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 858,550 shares. The stock had previously closed at $31.40.

ProShares UltraShort Russell 2000 Stock Performance

The company has a 50 day moving average of $28.82 and a 200-day moving average of $31.34.

Institutional Trading of ProShares UltraShort Russell 2000

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of ProShares UltraShort Russell 2000 during the first quarter worth about $668,000. Flow Traders U.S. LLC raised its stake in 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 purchasing an additional 1,362 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in 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 valued at $2,256,000 after purchasing an additional 28,840 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in ProShares UltraShort Russell 2000 by 101.3% during 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 during the last quarter. Finally, IMC Chicago LLC purchased a new position in ProShares UltraShort Russell 2000 in the 4th quarter worth approximately $1,201,000.

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.