ProShares UltraShort Russell2000 (NYSEARCA:TWM) Shares Down 0.2% – Time to Sell?

ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares were down 0.2% during mid-day trading on Wednesday . The stock traded as low as $43.48 and last traded at $44.44. Approximately 167,940 shares traded hands during trading, a decline of 80% from the average daily volume of 833,588 shares. The stock had previously closed at $44.55.

ProShares UltraShort Russell2000 Price Performance

The stock has a 50-day moving average price of $41.79 and a 200 day moving average price of $47.27.

Institutional Inflows and Outflows

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

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.