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

ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares are going 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 Stock Performance

NYSEARCA:TWM opened at $9.09 on Wednesday. ProShares UltraShort Russell2000 has a fifty-two week low of $8.66 and a fifty-two week high of $18.59. The stock’s fifty day moving average is $9.50 and its 200 day moving average is $10.48.

Hedge Funds Weigh In On ProShares UltraShort Russell2000

A hedge fund recently bought a new stake in ProShares UltraShort Russell2000 stock. Headlands Technologies LLC acquired a new position in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) during the 1st quarter, according to its most recent 13F filing with the SEC. 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 SEC filing.

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.