ProShares UltraShort Russell2000 (NYSEARCA:TWM) Trading Down 0.1% – Here’s What Happened

Shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) were down 0.1% during trading on Wednesday . The stock traded as low as $41.64 and last traded at $41.64. Approximately 208,883 shares were traded during trading, a decline of 77% from the average daily volume of 901,230 shares. The stock had previously closed at $41.68.

ProShares UltraShort Russell2000 Trading Down 3.3 %

The company has a fifty day moving average price of $44.86 and a 200 day moving average price of $50.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares UltraShort Russell2000 stock. Headlands Technologies LLC increased its position in ProShares UltraShort Russell2000 (NYSEARCA:TWM) by 77.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,231 shares of the company’s stock after acquiring an additional 3,603 shares during the quarter. Headlands Technologies LLC owned about 0.15% of ProShares UltraShort Russell2000 worth $92,000 at the end of the most recent quarter.

ProShares UltraShort Russell2000 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.