ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Short Interest Update

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 158,945 shares, an increase of 136.8% from the April 15th total of 67,123 shares. Currently, 8.4% of the company’s shares are short sold. Based on an average daily volume of 861,247 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in ProShares UltraShort Russell 2000 by 549,942.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock worth $1,232,000 after purchasing an additional 38,496 shares in the last quarter. IMC Chicago LLC bought a new position in ProShares UltraShort Russell 2000 in the fourth quarter worth approximately $1,201,000. Hillsdale Investment Management Inc. grew its stake in ProShares UltraShort Russell 2000 by 76.4% in the third quarter. Hillsdale Investment Management Inc. now owns 66,612 shares of the company’s stock worth $2,256,000 after purchasing an additional 28,840 shares in the last quarter. Jane Street Group LLC bought a new position in ProShares UltraShort Russell 2000 in the fourth quarter worth approximately $664,000. Finally, Flow Traders U.S. LLC grew its stake in 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 worth $321,000 after purchasing an additional 1,362 shares in the last quarter.

ProShares UltraShort Russell 2000 Trading Up 4.8%

Shares of NYSEARCA TWM traded up $1.14 during mid-day trading on Friday, reaching $24.72. The company had a trading volume of 624,394 shares, compared to its average volume of 820,175. The business’s 50-day moving average is $27.96 and its 200-day moving average is $29.60. ProShares UltraShort Russell 2000 has a 52 week low of $23.04 and a 52 week high of $51.12.

About ProShares UltraShort Russell 2000

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.