ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 223,369 shares, a growth of 86.7% from the August 31st total of 119,654 shares. Based on an average trading volume of 864,347 shares, the short-interest ratio is currently 0.3 days. Approximately 9.1% of the company’s shares are short sold.
Institutional Trading of ProShares UltraShort Russell 2000
An institutional investor recently raised its stake in ProShares UltraShort Russell 2000 stock. Hillsdale Investment Management Inc. lifted its position in shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Free Report) by 18.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,302 shares of the company’s stock after acquiring an additional 12,260 shares during the quarter. Hillsdale Investment Management Inc. owned 4.17% of ProShares UltraShort Russell 2000 worth $2,456,000 at the end of the most recent quarter.
ProShares UltraShort Russell 2000 Price Performance
TWM stock traded up $0.21 during midday trading on Wednesday, hitting $24.16. 686,148 shares of the company’s stock were exchanged, compared to its average volume of 739,463. ProShares UltraShort Russell 2000 has a 1-year low of $20.16 and a 1-year high of $37.66. The business has a 50-day simple moving average of $21.81 and a two-hundred day simple moving average of $23.81.
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.
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