Short Interest in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Grows By 90.0%

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 109,682 shares, a growth of 90.0% from the May 31st total of 57,714 shares. Based on an average daily volume of 713,867 shares, the short-interest ratio is presently 0.2 days. Currently, 5.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Russell 2000 in the 4th quarter valued at $1,201,000. Flow Traders U.S. LLC increased its position in shares of ProShares UltraShort Russell 2000 by 22.4% during the 2nd 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 in the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares UltraShort Russell 2000 during the 4th quarter worth about $664,000. Tower Research Capital LLC TRC lifted its holdings in ProShares UltraShort Russell 2000 by 549,942.9% during 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. Finally, Hillsdale Investment Management Inc. lifted its holdings in ProShares UltraShort Russell 2000 by 18.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 79,302 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,260 shares during the last quarter.

ProShares UltraShort Russell 2000 Stock Performance

NYSEARCA TWM remained flat at $21.11 during trading on Friday. The company’s stock had a trading volume of 400,903 shares, compared to its average volume of 773,325. The stock has a fifty day moving average price of $23.07 and a 200 day moving average price of $27.04. ProShares UltraShort Russell 2000 has a 12 month low of $20.37 and a 12 month high of $44.60.

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.