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

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the target of 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. Based on an average daily volume of 686,624 shares, the short-interest ratio is presently 0.1 days. Approximately 3.0% of the company’s stock are short sold.

ProShares UltraShort Russell 2000 Stock Down 1.5%

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

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

Several institutional investors and hedge funds have recently modified their holdings of TWM. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraShort Russell 2000 by 549,942.9% in 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. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Russell 2000 in the 4th quarter valued at $1,201,000. Hillsdale Investment Management Inc. lifted its stake in shares of ProShares UltraShort Russell 2000 by 76.4% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 66,612 shares of the company’s stock valued at $2,256,000 after purchasing an additional 28,840 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Russell 2000 in the 4th quarter valued at $664,000. Finally, Flow Traders U.S. LLC lifted its stake in shares of ProShares UltraShort Russell 2000 by 22.4% in 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.

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.