ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.99 and traded as high as $22.56. ProShares UltraShort Russell 2000 shares last traded at $22.47, with a volume of 669,255 shares.

ProShares UltraShort Russell 2000 Trading Up 3.2%

The business has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $25.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWM. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Russell 2000 during the fourth quarter worth $1,201,000. Hillsdale Investment Management Inc. lifted 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 buying an additional 12,260 shares in the last quarter. Flow Traders U.S. LLC boosted its position 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 worth $321,000 after acquiring an additional 1,362 shares during the last quarter. Jane Street Group LLC acquired a new position in ProShares UltraShort Russell 2000 during the fourth quarter worth about $664,000. Finally, Qube Research & Technologies Ltd grew its stake 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 valued at $31,000 after acquiring an additional 454 shares in the last quarter.

ProShares UltraShort Russell 2000 Company 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.