ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Stock Price Cross Below 200 Day Moving Average – What’s Next?

Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $24.64 and traded as low as $23.04. ProShares UltraShort Russell 2000 shares last traded at $23.26, with a volume of 782,858 shares.

ProShares UltraShort Russell 2000 Trading Down 1.7%

The stock has a 50-day moving average price of $23.64 and a 200 day moving average price of $24.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares UltraShort Russell 2000 stock. Trek Financial LLC acquired a new position in shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 890,323 shares of the company’s stock, valued at approximately $21,510,000. ProShares UltraShort Russell 2000 accounts for about 1.0% of Trek Financial LLC’s portfolio, making the stock its 18th biggest position. Trek Financial LLC owned about 35.61% of ProShares UltraShort Russell 2000 as of its most recent filing with the SEC.

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.