ProShares UltraShort Russell2000 (NYSEARCA:TWM) Shares Up 5.5% – Still a Buy?

ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares traded up 5.5% on Monday . The company traded as high as $50.52 and last traded at $49.96. 591,342 shares were traded during trading, an increase of 48% from the average session volume of 399,221 shares. The stock had previously closed at $47.34.

ProShares UltraShort Russell2000 Trading Up 5.5 %

The stock has a fifty day moving average price of $43.53 and a two-hundred day moving average price of $44.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TWM. Headlands Technologies LLC acquired a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at about $56,000. Johnson Financial Group Inc. bought a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at about $193,000. Powell Investment Advisors LLC bought a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at about $502,000. GTS Securities LLC bought a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at about $946,000. Finally, Tower Research Capital LLC TRC grew its position in ProShares UltraShort Russell2000 by 155.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 28,904 shares of the company’s stock valued at $1,284,000 after acquiring an additional 17,576 shares during the last quarter.

About ProShares UltraShort Russell2000

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.