ProShares UltraShort Russell2000 (NYSEARCA:TWM – Get Free Report)’s share price fell 0.2% on Wednesday . The company traded as low as $43.48 and last traded at $44.44. 167,940 shares traded hands during trading, a decline of 80% from the average session volume of 833,588 shares. The stock had previously closed at $44.55.
ProShares UltraShort Russell2000 Price Performance
The firm has a fifty day moving average of $41.79 and a 200-day moving average of $47.27.
Institutional Trading of ProShares UltraShort Russell2000
A hedge fund recently raised its stake in ProShares UltraShort Russell2000 stock. Jane Street Group LLC raised its position in ProShares UltraShort Russell2000 (NYSEARCA:TWM – Free Report) by 36.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 384,222 shares of the company’s stock after buying an additional 102,609 shares during the period. Jane Street Group LLC owned approximately 7.17% of ProShares UltraShort Russell2000 worth $3,516,000 at the end of the most recent quarter.
About ProShares UltraShort Russell2000
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.
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