Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Drops By 51.2%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 61,788 shares, a decrease of 51.2% from the July 15th total of 126,707 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 592,404 shares, the short-interest ratio is currently 0.1 days.

ProShares UltraShort Russell 2000 Stock Down 1.0%

NYSEARCA TWM traded down $0.20 during midday trading on Friday, hitting $20.18. 263,541 shares of the company traded hands, compared to its average volume of 723,952. ProShares UltraShort Russell 2000 has a 52 week low of $20.16 and a 52 week high of $40.21. The company’s 50-day simple moving average is $21.51 and its 200-day simple moving average is $25.22.

Hedge Funds Weigh In On ProShares UltraShort Russell 2000

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd lifted its position in shares of 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 buying an additional 454 shares during the last quarter. Flow Traders U.S. LLC raised its stake in shares of ProShares UltraShort Russell 2000 by 22.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock worth $321,000 after acquiring an additional 1,362 shares in the last quarter. Jane Street Group LLC purchased a new stake in ProShares UltraShort Russell 2000 during the fourth quarter valued at approximately $664,000. IMC Chicago LLC acquired a new stake in ProShares UltraShort Russell 2000 in the fourth quarter valued at approximately $1,201,000. Finally, Tower Research Capital LLC TRC grew its holdings in ProShares UltraShort Russell 2000 by 549,942.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock worth $1,232,000 after purchasing an additional 38,496 shares during 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.