ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Shares Shorted: Short Interest Down 57.5% in October

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 113,902 shares, a drop of 57.5% from the September 30th total of 267,929 shares. Based on an average daily trading volume, of 858,514 shares, the short-interest ratio is currently 0.1 days. Approximately 4.6% of the shares of the company are sold short.

Institutional Trading of ProShares UltraShort Russell 2000

A hedge fund recently bought a new position in ProShares UltraShort Russell 2000 stock. Trek Financial LLC purchased a new position in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 890,323 shares of the company’s stock, valued at approximately $21,510,000. ProShares UltraShort Russell 2000 comprises about 1.0% of Trek Financial LLC’s holdings, making the stock its 18th largest holding. Trek Financial LLC owned approximately 35.61% of ProShares UltraShort Russell 2000 as of its most recent SEC filing.

ProShares UltraShort Russell 2000 Price Performance

Shares of TWM opened at $23.98 on Friday. ProShares UltraShort Russell 2000 has a one year low of $20.16 and a one year high of $37.66. The stock’s fifty day moving average is $23.22 and its 200-day moving average is $24.75.

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.