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

Shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) are going to reverse split on the morning of 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

TWM stock opened at $9.34 on Friday. The business’s 50-day moving average is $9.45 and its two-hundred day moving average is $10.43. ProShares UltraShort Russell2000 has a fifty-two week low of $8.66 and a fifty-two week high of $17.49.

Hedge Funds Weigh In On ProShares UltraShort Russell2000

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

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.