ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 598,251 shares, a drop of 39.7% from the July 15th total of 991,489 shares. Approximately 6.2% of the company’s shares are sold short. Based on an average trading volume of 28,398,706 shares, the short-interest ratio is currently 0.0 days.
Institutional Investors Weigh In On ProShares Short Russell2000
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Leuthold Group LLC lifted its stake in shares of ProShares Short Russell2000 by 35.8% in the fourth quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock worth $13,386,000 after acquiring an additional 215,580 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in ProShares Short Russell2000 by 492,402.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock valued at $7,095,000 after purchasing an additional 433,314 shares during the period. UBS Group AG raised its holdings in ProShares Short Russell2000 by 175.7% during the 3rd quarter. UBS Group AG now owns 391,619 shares of the company’s stock worth $6,575,000 after purchasing an additional 249,586 shares during the last quarter. Jane Street Group LLC raised its holdings in ProShares Short Russell2000 by 577.0% during the 1st quarter. Jane Street Group LLC now owns 172,386 shares of the company’s stock worth $3,577,000 after purchasing an additional 146,924 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of ProShares Short Russell2000 in the 2nd quarter worth approximately $2,835,000.
ProShares Short Russell2000 Stock Performance
Shares of ProShares Short Russell2000 stock traded up $0.14 during trading on Tuesday, hitting $13.37. The company’s stock had a trading volume of 13,615,535 shares, compared to its average volume of 21,267,563. ProShares Short Russell2000 has a 52 week low of $13.16 and a 52 week high of $18.26. The stock has a 50-day moving average price of $13.56 and a two-hundred day moving average price of $14.61.
ProShares Short Russell2000 Company Profile
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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