Southport Management L.L.C. acquired a new position in ProShares UltraShort Russell2000 (NYSE:TWM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 100,000 shares of the company’s stock, valued at approximately $2,107,000. ProShares UltraShort Russell2000 comprises approximately 5.7% of Southport Management L.L.C.’s investment portfolio, making the stock its 7th largest holding.
Separately, Virtu KCG Holdings LLC grew its stake in shares of ProShares UltraShort Russell2000 by 25.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 21,441 shares of the company’s stock worth $452,000 after purchasing an additional 4,336 shares during the last quarter.
Shares of ProShares UltraShort Russell2000 (NYSE:TWM) traded down 0.61% during trading on Tuesday, hitting $19.64. 166,997 shares of the stock traded hands. ProShares UltraShort Russell2000 has a 1-year low of $19.61 and a 1-year high of $33.50. The company has a 50 day moving average of $21.43 and a 200-day moving average of $21.78.
ProShares UltraShort Russell2000 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.
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