Virtu Financial LLC reduced its position in ProShares UltraShort Russell2000 (NYSEARCA:TWM) by 73.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,296 shares of the company’s stock after selling 82,085 shares during the quarter. Virtu Financial LLC owned approximately 0.35% of ProShares UltraShort Russell2000 worth $261,000 at the end of the most recent quarter.

A number of research analysts have issued reports on the company. Royal Bank of Canada raised ProShares UltraShort Russell2000 to a “buy” rating and set a $2.00 price objective for the company in a report on Wednesday, November 15th. Scotiabank lifted their price objective on ProShares UltraShort Russell2000 from $2.00 to $2.25 and gave the company an “outperform” rating in a report on Thursday, December 7th. Finally, CIBC set a $2.40 price objective on ProShares UltraShort Russell2000 in a report on Thursday, November 2nd.

Shares of ProShares UltraShort Russell2000 (NYSEARCA TWM) traded up $0.35 during midday trading on Thursday, hitting $18.12. The company’s stock had a trading volume of 1,252,600 shares, compared to its average volume of 1,131,295. ProShares UltraShort Russell2000 has a 12 month low of $16.94 and a 12 month high of $24.26.

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ProShares UltraShort Russell2000 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.

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