ProShares UltraShort Russell2000 (NYSEARCA:TWM) Stock Price Up 2.5% – Here’s Why

ProShares UltraShort Russell2000 (NYSEARCA:TWM)’s share price were up 2.5% during mid-day trading on Friday . The stock traded as high as $42.76 and last traded at $42.67. Approximately 704,477 shares traded hands during trading, an increase of 101% from the average daily volume of 350,567 shares. The stock had previously closed at $41.61.

ProShares UltraShort Russell2000 Stock Up 2.5 %

The stock has a fifty day moving average price of $42.30 and a 200-day moving average price of $45.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Powell Investment Advisors LLC purchased a new position in shares of ProShares UltraShort Russell2000 during the 4th quarter worth approximately $502,000. IMC Chicago LLC purchased a new position in ProShares UltraShort Russell2000 during the fourth quarter worth $1,452,000. Finally, Jane Street Group LLC increased its position in ProShares UltraShort Russell2000 by 36.4% during the third quarter. Jane Street Group LLC now owns 384,222 shares of the company’s stock worth $3,516,000 after buying an additional 102,609 shares in the last quarter.

ProShares UltraShort Russell2000 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.