Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Drops By 61.9%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 57,714 shares, a decline of 61.9% from the May 14th total of 151,509 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 686,624 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd grew its holdings in shares of ProShares UltraShort Russell 2000 by 101.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock valued at $31,000 after purchasing an additional 454 shares during the last quarter. Flow Traders U.S. LLC grew its holdings in shares of ProShares UltraShort Russell 2000 by 22.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock valued at $321,000 after purchasing an additional 1,362 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the 1st quarter valued at approximately $668,000. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Russell 2000 during the 4th quarter valued at approximately $1,201,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of ProShares UltraShort Russell 2000 by 549,942.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock valued at $1,232,000 after purchasing an additional 38,496 shares during the last quarter.

ProShares UltraShort Russell 2000 Trading Down 1.5%

Shares of ProShares UltraShort Russell 2000 stock traded down $0.34 during midday trading on Friday, hitting $22.09. 799,061 shares of the company traded hands, compared to its average volume of 800,736. The firm’s fifty day moving average price is $24.79 and its 200-day moving average price is $28.09. ProShares UltraShort Russell 2000 has a 12 month low of $21.64 and a 12 month high of $47.50.

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.