ProShares UltraShort Russell2000 (NYSEARCA:TWM) Shares Up 5.5% – Still a Buy?

ProShares UltraShort Russell2000 (NYSEARCA:TWM)’s stock price shot up 5.5% on Monday . The company traded as high as $50.52 and last traded at $49.96. 591,342 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 399,221 shares. The stock had previously closed at $47.34.

ProShares UltraShort Russell2000 Price Performance

The business’s 50-day moving average is $43.53 and its two-hundred day moving average is $44.39.

Institutional Trading of ProShares UltraShort Russell2000

A number of large investors have recently bought and sold shares of TWM. IMC Chicago LLC bought a new position in shares of ProShares UltraShort Russell2000 during the 4th quarter worth approximately $1,452,000. Powell Investment Advisors LLC bought a new position in shares of ProShares UltraShort Russell2000 during the 4th quarter worth approximately $502,000. Jane Street Group LLC grew its stake in shares of ProShares UltraShort Russell2000 by 36.4% during the 3rd quarter. Jane Street Group LLC now owns 384,222 shares of the company’s stock worth $3,516,000 after acquiring an additional 102,609 shares in the last quarter. GTS Securities LLC bought a new position in shares of ProShares UltraShort Russell2000 during the 4th quarter worth approximately $946,000. Finally, Johnson Financial Group Inc. bought a new position in shares of ProShares UltraShort Russell2000 during the 4th quarter worth approximately $193,000.

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.