ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Stock Pass Above 50 Day Moving Average – Here’s What Happened

ProShares UltraShort Russell 2000 (NYSEARCA:TWM)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.99 and traded as high as $22.56. ProShares UltraShort Russell 2000 shares last traded at $22.47, with a volume of 669,255 shares trading hands.

ProShares UltraShort Russell 2000 Trading Up 3.2%

The stock’s fifty day moving average price is $21.99 and its 200-day moving average price is $25.80.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWM. Hillsdale Investment Management Inc. raised its position in ProShares UltraShort Russell 2000 by 18.3% in the first quarter. Hillsdale Investment Management Inc. now owns 79,302 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,260 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraShort Russell 2000 by 549,942.9% in the 4th 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 during the last quarter. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Russell 2000 during the 4th quarter worth $1,201,000. Jane Street Group LLC purchased a new position in shares of ProShares UltraShort Russell 2000 during the 4th quarter worth $664,000. Finally, Flow Traders U.S. LLC increased its position 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 purchasing an additional 1,362 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.