Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Drops By 76.5%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 18,031 shares, a drop of 76.5% from the December 15th total of 76,603 shares. Based on an average daily trading volume, of 382,308 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.4% of the company’s stock are short sold. Currently, 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 382,308 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of ProShares UltraShort Russell 2000

Hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. raised its holdings in ProShares UltraShort Russell 2000 by 25.1% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 37,772 shares of the company’s stock valued at $1,633,000 after acquiring an additional 7,570 shares during the period. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the first quarter worth approximately $668,000. Flow Traders U.S. LLC grew its position in shares of ProShares UltraShort Russell 2000 by 22.4% in the second 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. Finally, Qube Research & Technologies Ltd increased its stake in shares of ProShares UltraShort Russell 2000 by 101.3% during the third quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock worth $31,000 after purchasing an additional 454 shares during the period.

ProShares UltraShort Russell 2000 Stock Performance

Shares of NYSEARCA TWM remained flat at $28.41 during midday trading on Tuesday. The stock had a trading volume of 439,754 shares, compared to its average volume of 614,102. ProShares UltraShort Russell 2000 has a one year low of $28.10 and a one year high of $71.27. The business has a 50 day moving average of $32.12 and a 200 day moving average of $35.27.

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.