Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Expands By 90.0%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 109,682 shares, an increase of 90.0% from the May 31st total of 57,714 shares. Approximately 5.8% of the shares of the company are sold short. Based on an average trading volume of 713,867 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort Russell 2000 Stock Performance

TWM stock remained flat at $20.68 during trading on Wednesday. The company’s stock had a trading volume of 254,828 shares, compared to its average volume of 775,592. The firm’s 50 day moving average is $23.23 and its 200 day moving average is $27.17. ProShares UltraShort Russell 2000 has a 52 week low of $20.37 and a 52 week high of $44.60.

Hedge Funds Weigh In On ProShares UltraShort Russell 2000

Several institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd grew 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 buying an additional 454 shares during the period. Flow Traders U.S. LLC raised its position 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 worth $321,000 after acquiring an additional 1,362 shares during the period. Jane Street Group LLC bought a new position in ProShares UltraShort Russell 2000 in the fourth quarter worth approximately $664,000. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Russell 2000 during the 4th quarter worth $1,201,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of ProShares UltraShort Russell 2000 by 549,942.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock worth $1,232,000 after acquiring an additional 38,496 shares during the last quarter.

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.