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

ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares are set to reverse split before the market opens 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 Price Performance

Shares of TWM stock opened at $9.09 on Wednesday. The firm has a 50 day moving average of $9.50 and a two-hundred day moving average of $10.48. ProShares UltraShort Russell2000 has a 52 week low of $8.66 and a 52 week high of $18.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Russell2000 stock. Headlands Technologies LLC acquired a new stake in ProShares UltraShort Russell2000 (NYSEARCA:TWM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,628 shares of the company’s stock, valued at approximately $49,000. Headlands Technologies LLC owned 0.09% of ProShares UltraShort Russell2000 as of its most recent filing with the Securities and Exchange Commission.

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.