ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Shares Down 1% – What’s Next?

Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM) fell 1% on Monday . The company traded as low as $22.87 and last traded at $23.01. 678,092 shares traded hands during trading, a decline of 6% from the average daily volume of 723,918 shares. The stock had previously closed at $23.25.

ProShares UltraShort Russell 2000 Stock Up 2.8%

The firm has a fifty day moving average of $21.61 and a 200 day moving average of $24.04.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

A hedge fund recently raised its position in ProShares UltraShort Russell 2000 stock. Hillsdale Investment Management Inc. boosted its holdings in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) by 18.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,302 shares of the company’s stock after purchasing an additional 12,260 shares during the quarter. Hillsdale Investment Management Inc. owned about 4.17% of ProShares UltraShort Russell 2000 worth $2,456,000 as of its most recent SEC filing.

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.