ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Short Interest Update

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 223,369 shares, a growth of 86.7% from the August 31st total of 119,654 shares. Approximately 9.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 864,347 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ProShares UltraShort Russell 2000

An institutional investor recently raised its position in ProShares UltraShort Russell 2000 stock. Hillsdale Investment Management Inc. boosted its stake in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,042 shares of the company’s stock after purchasing an additional 430 shares during the quarter. Hillsdale Investment Management Inc. owned about 4.97% of ProShares UltraShort Russell 2000 worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Russell 2000 Trading Up 0.8%

Shares of TWM traded up $0.18 during midday trading on Tuesday, hitting $23.95. 1,609,398 shares of the company traded hands, compared to its average volume of 739,700. ProShares UltraShort Russell 2000 has a one year low of $20.16 and a one year high of $37.66. The stock has a 50-day moving average of $21.76 and a 200-day moving average of $23.85.

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.