ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares were up 8.4% during mid-day trading on Wednesday . The stock traded as high as $17.46 and last traded at $17.38. Approximately 3,433,893 shares were traded during trading, an increase of 214% from the average daily volume of 1,093,993 shares. The stock had previously closed at $16.03.

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its holdings in shares of ProShares UltraShort Russell2000 by 100.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 99,546 shares of the company’s stock valued at $1,460,000 after purchasing an additional 49,859 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of ProShares UltraShort Russell2000 in the 3rd quarter valued at about $526,000. Wealthsource Partners LLC lifted its holdings in shares of ProShares UltraShort Russell2000 by 335.9% in the 3rd quarter. Wealthsource Partners LLC now owns 57,100 shares of the company’s stock valued at $779,000 after purchasing an additional 44,000 shares during the last quarter. Finally, HRT Financial LLC purchased a new stake in shares of ProShares UltraShort Russell2000 in the 3rd quarter valued at about $236,000.

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ProShares UltraShort Russell2000 Company Profile (NYSEARCA:TWM)

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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