ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Trading Down 1% – Here’s What Happened

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) traded down 1% during trading on Monday . The company traded as low as $22.87 and last traded at $23.01. 678,092 shares changed hands during mid-day 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 Trading Down 1.0%

The firm’s 50 day moving average is $21.58 and its 200 day moving average is $24.07.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

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