ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Shares Down 3.3% – What’s Next?

ProShares UltraShort Russell 2000 (NYSEARCA:TWM)’s share price traded down 3.3% during trading on Tuesday. The stock traded as low as $24.36 and last traded at $24.54. Approximately 761,715 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 745,728 shares. The stock had previously closed at $25.39.

ProShares UltraShort Russell 2000 Trading Down 3.3%

The firm has a fifty day simple moving average of $22.68 and a two-hundred day simple moving average of $23.05.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares UltraShort Russell 2000 stock. Hillsdale Investment Management Inc. increased its position in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) by 18.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 79,302 shares of the company’s stock after acquiring an additional 12,260 shares during the quarter. Hillsdale Investment Management Inc. owned about 4.17% of ProShares UltraShort Russell 2000 worth $2,456,000 as of its most recent SEC filing.

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.