ProShares UltraShort Russell2000 (NYSEARCA:TWM) Trading Down 0.8% – Should You Sell?

Shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) were down 0.8% during trading on Wednesday . The company traded as low as $38.87 and last traded at $39.34. Approximately 235,172 shares changed hands during trading, a decline of 73% from the average daily volume of 862,623 shares. The stock had previously closed at $39.66.

ProShares UltraShort Russell2000 Price Performance

The firm has a 50-day moving average of $42.29 and a two-hundred day moving average of $48.52.

Institutional Trading of ProShares UltraShort Russell2000

An institutional investor recently raised its position in ProShares UltraShort Russell2000 stock. Headlands Technologies LLC grew its holdings in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) by 77.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,231 shares of the company’s stock after buying an additional 3,603 shares during the quarter. Headlands Technologies LLC owned 0.15% of ProShares UltraShort Russell2000 worth $92,000 at the end of the most recent 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.