ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Shares Up 7.1% – Here’s What Happened

ProShares UltraShort Russell 2000 (NYSEARCA:TWM)’s share price shot up 7.1% on Friday . The stock traded as high as $24.13 and last traded at $23.91. 922,910 shares were traded during mid-day trading, an increase of 16% from the average session volume of 794,465 shares. The stock had previously closed at $22.32.

ProShares UltraShort Russell 2000 Trading Up 7.1%

The business has a fifty day simple moving average of $25.66 and a 200 day simple moving average of $28.56.

Hedge Funds Weigh In On ProShares UltraShort Russell 2000

Several large investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its stake in 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 acquiring an additional 454 shares during the period. Flow Traders U.S. LLC boosted its position in shares of ProShares UltraShort Russell 2000 by 22.4% during the second quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock worth $321,000 after buying an additional 1,362 shares during the period. Jane Street Group LLC acquired a new stake in ProShares UltraShort Russell 2000 during the fourth quarter valued at approximately $664,000. IMC Chicago LLC acquired a new position in ProShares UltraShort Russell 2000 in the fourth quarter worth approximately $1,201,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $1,232,000 after buying an additional 38,496 shares in the last quarter.

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.