ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Share Price Cross Below 50 Day Moving Average – Time to Sell?

Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $28.03 and traded as low as $23.37. ProShares UltraShort Russell 2000 shares last traded at $23.58, with a volume of 400,576 shares.

ProShares UltraShort Russell 2000 Trading Up 4.8%

The firm’s 50-day moving average is $27.96 and its 200-day moving average is $29.60.

Hedge Funds Weigh In On ProShares UltraShort Russell 2000

Large investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd lifted its holdings 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 purchasing an additional 454 shares in the last quarter. Flow Traders U.S. LLC lifted its holdings in ProShares UltraShort Russell 2000 by 22.4% during the second quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock valued at $321,000 after purchasing an additional 1,362 shares in the last quarter. Jane Street Group LLC purchased a new position in ProShares UltraShort Russell 2000 during the fourth quarter valued at approximately $664,000. IMC Chicago LLC purchased a new position in ProShares UltraShort Russell 2000 during the fourth quarter valued at approximately $1,201,000. Finally, Tower Research Capital LLC TRC lifted its holdings in ProShares UltraShort Russell 2000 by 549,942.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock valued at $1,232,000 after purchasing an additional 38,496 shares in the last 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.