ProShares UltraShort Russell2000 (TWM) Trading Up 8.4%
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.
COPYRIGHT VIOLATION NOTICE: This report was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.watchlistnews.com/proshares-ultrashort-russell2000-twm-trading-up-8-4/2663299.html.
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.
Featured Story: 52-Week High/Low
Receive News & Ratings for ProShares UltraShort Russell2000 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Russell2000 and related companies with MarketBeat.com's FREE daily email newsletter.