Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Expands By 136.8%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 158,945 shares, a growth of 136.8% from the April 15th total of 67,123 shares. Based on an average daily volume of 861,247 shares, the short-interest ratio is currently 0.2 days. Currently, 8.4% of the shares of the stock are short sold.

ProShares UltraShort Russell 2000 Stock Up 4.8%

Shares of TWM traded up $1.14 during midday trading on Friday, hitting $24.72. 624,394 shares of the company traded hands, compared to its average volume of 820,175. The firm has a 50 day moving average of $27.96 and a 200-day moving average of $29.60. ProShares UltraShort Russell 2000 has a 52 week low of $23.04 and a 52 week high of $51.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd boosted its holdings in shares of ProShares UltraShort Russell 2000 by 101.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock valued at $31,000 after purchasing an additional 454 shares during the last quarter. Flow Traders U.S. LLC boosted its holdings 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 valued at $321,000 after purchasing an additional 1,362 shares during the last quarter. Jane Street Group LLC bought a new position in shares of ProShares UltraShort Russell 2000 during the 1st quarter valued at about $668,000. IMC Chicago LLC bought a new position in shares of ProShares UltraShort Russell 2000 in the 4th quarter valued at about $1,201,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 38,496 shares during the last quarter.

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.