ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Sees Significant Decline in Short Interest

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

ProShares UltraShort Russell 2000 Price Performance

Shares of TWM traded up $0.78 during trading hours on Friday, hitting $23.98. The company had a trading volume of 1,924,782 shares, compared to its average volume of 765,892. The business has a fifty day moving average of $23.17 and a 200-day moving average of $24.77. ProShares UltraShort Russell 2000 has a 12 month low of $20.16 and a 12 month high of $37.66.

Institutional Investors Weigh In On ProShares UltraShort Russell 2000

A hedge fund recently bought a new position in ProShares UltraShort Russell 2000 stock. Trek Financial LLC bought a new stake in ProShares UltraShort Russell 2000 (NYSEARCA:TWM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 890,323 shares of the company’s stock, valued at approximately $21,510,000. ProShares UltraShort Russell 2000 comprises 1.0% of Trek Financial LLC’s investment portfolio, making the stock its 18th biggest position. Trek Financial LLC owned about 35.61% of ProShares UltraShort Russell 2000 as of its most recent SEC filing.

About ProShares UltraShort Russell 2000

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.