Virtu Financial LLC raised its stake in ProShares UltraShort Russell2000 (NYSEARCA:TWM) by 386.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,401 shares of the company’s stock after acquiring an additional 113,105 shares during the period. Virtu Financial LLC’s holdings in ProShares UltraShort Russell2000 were worth $2,486,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Simplex Trading LLC acquired a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $149,000. SG Americas Securities LLC acquired a new position in ProShares UltraShort Russell2000 in the fourth quarter valued at approximately $545,000. Finally, Tower Research Capital LLC TRC boosted its stake in ProShares UltraShort Russell2000 by 47.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 117,442 shares of the company’s stock valued at $2,051,000 after acquiring an additional 37,635 shares during the period.
A number of equities analysts have commented on the company. Scotiabank lifted their target price on ProShares UltraShort Russell2000 from $2.00 to $2.25 and gave the company an “outperform” rating in a research note on Thursday, December 7th. CIBC set a $2.40 target price on ProShares UltraShort Russell2000 in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada upgraded ProShares UltraShort Russell2000 to a “buy” rating and set a $2.00 target price for the company in a research note on Wednesday, November 15th.
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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.
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