ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $24.64 and traded as low as $23.04. ProShares UltraShort Russell 2000 shares last traded at $23.26, with a volume of 782,858 shares changing hands.
ProShares UltraShort Russell 2000 Price Performance
The firm has a 50-day moving average price of $23.59 and a 200-day moving average price of $24.64.
Institutional Trading of ProShares UltraShort Russell 2000
A hedge fund recently bought a new position in ProShares UltraShort Russell 2000 stock. Trek Financial LLC acquired a new stake in shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 890,323 shares of the company’s stock, valued at approximately $21,510,000. ProShares UltraShort Russell 2000 makes up 1.0% of Trek Financial LLC’s investment portfolio, making the stock its 18th biggest holding. Trek Financial LLC owned 35.61% of ProShares UltraShort Russell 2000 at the end of the most recent quarter.
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.
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