ProShares UltraShort Russell2000 (NYSEARCA:TWM) Shares Set to Reverse Split on Thursday, November 7th

by · The Cerbat Gem

ProShares UltraShort Russell2000 (NYSEARCA:TWM – Free Report)’s stock is set to reverse split on the morning of Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

ProShares UltraShort Russell2000 Stock Performance

Shares of ProShares UltraShort Russell2000 stock opened at $9.34 on Friday. ProShares UltraShort Russell2000 has a twelve month low of $8.66 and a twelve month high of $17.49. The business has a 50-day moving average price of $9.45 and a 200-day moving average price of $10.43.

Hedge Funds Weigh In On ProShares UltraShort Russell2000

An institutional investor recently raised its position in ProShares UltraShort Russell2000 stock. Headlands Technologies LLC raised its position in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM – Free Report) by 77.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,231 shares of the company’s stock after acquiring an additional 3,603 shares during the period. Headlands Technologies LLC owned approximately 0.15% of ProShares UltraShort Russell2000 worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About ProShares UltraShort Russell2000

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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.

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