ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Short Interest Up 136.8% in April

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 158,945 shares, a growth of 136.8% from the April 15th total of 67,123 shares. Based on an average daily volume of 861,247 shares, the short-interest ratio is currently 0.2 days. Currently, 8.4% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares UltraShort Russell 2000

Institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd raised its holdings in shares of ProShares UltraShort Russell 2000 by 101.3% during 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 period. Flow Traders U.S. LLC raised its holdings 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 valued at $321,000 after purchasing an additional 1,362 shares during the period. Jane Street Group LLC acquired a new position in shares of ProShares UltraShort Russell 2000 during the fourth quarter valued at about $664,000. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Russell 2000 during the fourth quarter valued at about $1,201,000. Finally, Tower Research Capital LLC TRC boosted its holdings in ProShares UltraShort Russell 2000 by 549,942.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 38,503 shares of the company’s stock worth $1,232,000 after acquiring an additional 38,496 shares in the last quarter.

ProShares UltraShort Russell 2000 Stock Performance

Shares of NYSEARCA:TWM traded up $1.14 during mid-day trading on Friday, hitting $24.72. The company had a trading volume of 624,394 shares, compared to its average volume of 820,175. The firm has a fifty day moving average price of $27.96 and a 200 day moving average price of $29.60. ProShares UltraShort Russell 2000 has a one year low of $23.04 and a one year high of $51.12.

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.