ProShares UltraShort Russell 2000 (NYSEARCA:TWM) Short Interest Up 548.4% in January

ProShares UltraShort Russell 2000 (NYSEARCA:TWM) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 116,906 shares, an increase of 548.4% from the December 31st total of 18,031 shares. Currently, 8.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 599,365 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 599,365 shares, the short-interest ratio is currently 0.2 days. Currently, 8.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Russell 2000 during the fourth quarter worth about $1,201,000. Hillsdale Investment Management Inc. boosted its position in ProShares UltraShort Russell 2000 by 76.4% during the third quarter. Hillsdale Investment Management Inc. now owns 66,612 shares of the company’s stock worth $2,256,000 after acquiring an additional 28,840 shares during the last quarter. Jane Street Group LLC purchased a new stake in ProShares UltraShort Russell 2000 in the 1st quarter worth approximately $668,000. Flow Traders U.S. LLC raised its holdings in ProShares UltraShort Russell 2000 by 22.4% in the 2nd quarter. Flow Traders U.S. LLC now owns 7,429 shares of the company’s stock valued at $321,000 after acquiring an additional 1,362 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in ProShares UltraShort Russell 2000 by 101.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 902 shares of the company’s stock valued at $31,000 after acquiring an additional 454 shares during the last quarter.

ProShares UltraShort Russell 2000 Price Performance

NYSEARCA TWM remained flat at $28.04 during mid-day trading on Thursday. The company had a trading volume of 513,386 shares, compared to its average volume of 568,631. The stock has a 50-day moving average price of $30.30 and a 200 day moving average price of $34.13. ProShares UltraShort Russell 2000 has a 12-month low of $26.33 and a 12-month high of $71.27.

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.