ProShares UltraShort Russell2000 (NYSEARCA:TWM) Shares Scheduled to Reverse Split on Thursday, November 7th

ProShares UltraShort Russell2000 (NYSEARCA:TWM)’s stock is scheduled to reverse split on Thursday, November 7th. The 1-5 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 6th.

ProShares UltraShort Russell2000 Trading Up 0.4 %

Shares of NYSEARCA:TWM opened at $9.09 on Wednesday. ProShares UltraShort Russell2000 has a 1 year low of $8.66 and a 1 year high of $18.59. The firm has a fifty day moving average price of $9.50 and a 200 day moving average price of $10.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Russell2000 stock. Headlands Technologies LLC purchased a new stake in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,628 shares of the company’s stock, valued at approximately $49,000. Headlands Technologies LLC owned 0.09% of ProShares UltraShort Russell2000 at the end of the most recent reporting period.

About ProShares UltraShort Russell2000

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.