Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Drops By 76.5%

by · The Markets Daily

ProShares UltraShort Russell 2000 (NYSEARCA:TWM – Get Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 18,031 shares, a decrease of 76.5% from the December 15th total of 76,603 shares. Based on an average daily volume of 382,308 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.4% of the company’s stock are short sold. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 382,308 shares, the days-to-cover ratio is currently 0.0 days.

ProShares UltraShort Russell 2000 Stock Down 1.8%

ProShares UltraShort Russell 2000 stock traded down $0.50 during trading hours on Thursday, hitting $27.55. The stock had a trading volume of 400,941 shares, compared to its average volume of 599,274. The stock’s 50-day moving average price is $31.78 and its 200-day moving average price is $35.07. ProShares UltraShort Russell 2000 has a 12-month low of $27.24 and a 12-month high of $71.27.

Hedge Funds Weigh In On ProShares UltraShort Russell 2000

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd boosted its stake in 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 raised its stake in shares of 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 during the last quarter. Jane Street Group LLC bought a new position in shares of ProShares UltraShort Russell 2000 during the first quarter valued at $668,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of ProShares UltraShort Russell 2000 by 25.1% during the second quarter. Hillsdale Investment Management Inc. now owns 37,772 shares of the company’s stock valued at $1,633,000 after buying an additional 7,570 shares during the last quarter.

About ProShares UltraShort Russell 2000

(Get Free Report)

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.

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