ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Short Interest Up 136.8% in April

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 158,945 shares, a growth of 136.8% from the April 15th total of 67,123 shares. Based on an average trading volume of 861,247 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.4% of the company’s shares are short sold.

ProShares UltraShort Russell 2000 Trading Up 4.8%

TWM traded up $1.14 during trading on Friday, reaching $24.72. 624,394 shares of the company’s stock were exchanged, compared to its average volume of 820,175. ProShares UltraShort Russell 2000 has a one year low of $23.04 and a one year high of $51.12. The firm has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $29.60.

Institutional Trading of ProShares UltraShort Russell 2000

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. increased its holdings in ProShares UltraShort Russell 2000 by 0.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 67,042 shares of the company’s stock valued at $2,145,000 after purchasing an additional 430 shares during the period. Qube Research & Technologies Ltd raised its position in shares of ProShares UltraShort Russell 2000 by 101.3% during the third quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock worth $31,000 after acquiring an additional 454 shares during the last quarter. Flow Traders U.S. LLC raised its position in shares of 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 bought a new position in shares of ProShares UltraShort Russell 2000 during the first quarter worth about $668,000. Finally, IMC Chicago LLC bought a new position in shares of ProShares UltraShort Russell 2000 during the fourth quarter worth about $1,201,000.

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.