ProShares Short Russell2000 (NYSEARCA:RWM) Stock Price Up 0.6% – Should You Buy?

ProShares Short Russell2000 (NYSEARCA:RWMGet Free Report) were up 0.6% during mid-day trading on Thursday . The company traded as high as $13.46 and last traded at $13.45. Approximately 18,845,767 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 21,661,182 shares. The stock had previously closed at $13.37.

ProShares Short Russell2000 Stock Down 1.1%

The stock’s 50-day moving average price is $13.66 and its 200 day moving average price is $14.70.

Institutional Investors Weigh In On ProShares Short Russell2000

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RWM. AFG Fiduciary Services Limited Partnership grew its holdings in shares of ProShares Short Russell2000 by 147.1% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock valued at $2,016,000 after acquiring an additional 89,276 shares in the last quarter. Group One Trading LLC raised its holdings in ProShares Short Russell2000 by 169.9% during the first quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock worth $54,000 after acquiring an additional 2,100 shares in the last quarter. IMC Chicago LLC acquired a new position in ProShares Short Russell2000 during the first quarter valued at approximately $1,753,000. XTX Topco Ltd boosted its position in ProShares Short Russell2000 by 216.5% during the fourth quarter. XTX Topco Ltd now owns 48,277 shares of the company’s stock valued at $790,000 after purchasing an additional 33,024 shares during the last quarter. Finally, Laird Norton Wetherby Trust Company LLC acquired a new position in ProShares Short Russell2000 during the fourth quarter valued at approximately $1,883,000.

About ProShares Short Russell2000

(Get Free Report)

ProShares Short Russell2000 (the Fund) seeks daily investment results that correspond to 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.

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