ProShares UltraShort Russell2000 (NYSEARCA:TWM) Stock Price Pass Below 50 Day Moving Average of $10.88

ProShares UltraShort Russell2000 (NYSEARCA:TWM)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.88 and traded as low as $8.80. ProShares UltraShort Russell2000 shares last traded at $9.18, with a volume of 9,159,099 shares.

ProShares UltraShort Russell2000 Stock Performance

The firm’s 50-day moving average price is $10.88 and its 200 day moving average price is $11.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in ProShares UltraShort Russell2000 in the first quarter valued at approximately $49,000. Verity Asset Management Inc. bought a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $130,000. Simplex Trading LLC bought a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $150,000. Stratos Wealth Advisors LLC bought a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $157,000. Finally, Hillsdale Investment Management Inc. lifted its stake in ProShares UltraShort Russell2000 by 23.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 41,890 shares of the company’s stock valued at $488,000 after buying an additional 7,890 shares in the last quarter.

ProShares UltraShort Russell2000 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.