Powell Investment Advisors LLC purchased a new stake in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,295 shares of the company’s stock, valued at approximately $502,000. Powell Investment Advisors LLC owned about 0.21% of ProShares UltraShort Russell2000 at the end of the most recent reporting period.
Separately, IMC Chicago LLC purchased a new stake in ProShares UltraShort Russell2000 during the 4th quarter worth about $1,452,000.
ProShares UltraShort Russell2000 Price Performance
Shares of TWM opened at $42.67 on Monday. The stock’s 50-day simple moving average is $42.40 and its 200 day simple moving average is $45.09. ProShares UltraShort Russell2000 has a 52-week low of $36.93 and a 52-week high of $63.43.
ProShares UltraShort Russell2000 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.
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