ProShares UltraShort Russell2000 (NYSEARCA:TWM) Stock Position Lifted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its stake in ProShares UltraShort Russell2000 (NYSEARCA:TWM) by 23.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,890 shares of the company’s stock after buying an additional 7,890 shares during the period. Hillsdale Investment Management Inc. owned 0.56% of ProShares UltraShort Russell2000 worth $488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TWM. Verity Asset Management Inc. purchased a new stake in ProShares UltraShort Russell2000 during the fourth quarter valued at about $130,000. Simplex Trading LLC purchased a new position in ProShares UltraShort Russell2000 during the 4th quarter valued at about $150,000. Stratos Wealth Advisors LLC acquired a new position in shares of ProShares UltraShort Russell2000 in the 4th quarter valued at about $157,000. Commonwealth Equity Services LLC acquired a new stake in shares of ProShares UltraShort Russell2000 during the 3rd quarter valued at $322,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of ProShares UltraShort Russell2000 by 99.8% in the third quarter. Tower Research Capital LLC TRC now owns 28,757 shares of the company’s stock worth $449,000 after acquiring an additional 14,362 shares during the last quarter.

ProShares UltraShort Russell2000 Stock Performance

Shares of NYSEARCA TWM opened at $10.76 on Wednesday. ProShares UltraShort Russell2000 has a one year low of $10.34 and a one year high of $18.65. The business’s 50-day moving average price is $11.33 and its two-hundred day moving average price is $12.36.

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.