Powell Investment Advisors LLC Acquires Shares of 11,295 ProShares UltraShort Russell2000 (NYSEARCA:TWM)

Powell Investment Advisors LLC acquired a new stake in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,295 shares of the company’s stock, valued at approximately $502,000.

Separately, IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Russell2000 in the 4th quarter worth $1,452,000.

ProShares UltraShort Russell2000 Stock Up 2.5 %

Shares of TWM opened at $42.67 on Monday. ProShares UltraShort Russell2000 has a one year low of $36.93 and a one year high of $63.43. The business has a fifty day moving average of $42.40 and a 200 day moving average of $45.09.

ProShares UltraShort Russell2000 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.