ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Stock Price Pass Below Fifty Day Moving Average – What’s Next?

Shares of ProShares UltraShort Russell 2000 (NYSEARCA:TWM) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $21.79 and traded as low as $20.63. ProShares UltraShort Russell 2000 shares last traded at $21.05, with a volume of 315,200 shares changing hands.

ProShares UltraShort Russell 2000 Stock Up 1.1%

The company’s 50 day moving average is $21.79 and its 200-day moving average is $25.52.

Institutional Trading of ProShares UltraShort Russell 2000

A number of hedge funds have recently made changes to their positions in the business. Hillsdale Investment Management Inc. boosted its holdings in shares of ProShares UltraShort Russell 2000 by 0.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 67,042 shares of the company’s stock worth $2,145,000 after acquiring an additional 430 shares during the period. Qube Research & Technologies Ltd grew its position 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 valued at $31,000 after purchasing an additional 454 shares during the last quarter. Flow Traders U.S. LLC increased its stake in shares of ProShares UltraShort Russell 2000 by 22.4% during 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 acquired a new stake in ProShares UltraShort Russell 2000 during the 1st quarter worth approximately $668,000. Finally, IMC Chicago LLC acquired a new stake in ProShares UltraShort Russell 2000 during the 4th quarter worth approximately $1,201,000.

ProShares UltraShort Russell 2000 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.