ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Trading Down 1% – Here’s What Happened

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) traded down 1% during trading on Tuesday . The stock traded as low as $30.73 and last traded at $31.09. 711,370 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 858,550 shares. The stock had previously closed at $31.40.

ProShares UltraShort Russell 2000 Trading Up 3.4%

The stock has a fifty day simple moving average of $28.87 and a two-hundred day simple moving average of $31.33.

ProShares UltraShort Russell 2000 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a $0.1446 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, March 25th.

Institutional Trading of ProShares UltraShort Russell 2000

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. lifted its stake in ProShares UltraShort Russell 2000 by 0.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 67,042 shares of the company’s stock worth $2,145,000 after purchasing an additional 430 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of ProShares UltraShort Russell 2000 by 101.3% in the third quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock worth $31,000 after purchasing an additional 454 shares during the period. Flow Traders U.S. LLC increased its holdings 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 period. Jane Street Group LLC purchased a new stake in shares of ProShares UltraShort Russell 2000 in the first quarter worth $668,000. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Russell 2000 in the fourth quarter worth $1,201,000.

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.