Virtu Financial LLC Acquires New Stake in ProShares UltraShort Russell2000 (TWM)
Virtu Financial LLC purchased a new position in ProShares UltraShort Russell2000 (NYSEARCA:TWM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 82,011 shares of the company’s stock, valued at approximately $1,271,000.
Separately, David R. Rahn & Associates Inc. bought a new position in ProShares UltraShort Russell2000 in the fourth quarter worth approximately $1,768,000.
TWM stock opened at $14.61 on Monday. ProShares UltraShort Russell2000 has a 12-month low of $13.00 and a 12-month high of $23.55.
Several analysts have issued reports on the company. CIBC increased their target price on ProShares UltraShort Russell2000 from $2.00 to $2.10 in a research report on Tuesday, January 15th. GMP Securities reiterated a “buy” rating and set a $2.25 price objective on shares of ProShares UltraShort Russell2000 in a research note on Tuesday, March 26th.
ProShares UltraShort Russell2000 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.
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