ProShares Short Russell2000 (NYSEARCA:RWM – Free Report) shares are scheduled to reverse split on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.
ProShares Short Russell2000 Stock Down 1.5%
NYSEARCA:RWM traded down $0.21 during trading hours on Wednesday, reaching $14.14. 89,861,489 shares of the stock were exchanged, compared to its average volume of 26,116,912. The business has a 50-day moving average of $14.18 and a two-hundred day moving average of $14.49. ProShares Short Russell2000 has a twelve month low of $13.16 and a twelve month high of $17.80.
Hedge Funds Weigh In On ProShares Short Russell2000
Several hedge funds have recently bought and sold shares of the company. Leuthold Group LLC boosted its holdings in ProShares Short Russell2000 by 20.3% during the 3rd quarter. Leuthold Group LLC now owns 1,039,914 shares of the company’s stock valued at $14,964,000 after acquiring an additional 175,584 shares during the period. IMC Chicago LLC acquired a new position in ProShares Short Russell2000 in the 1st quarter valued at about $1,753,000. AFG Fiduciary Services Limited Partnership increased its stake in ProShares Short Russell2000 by 147.1% during the second quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock worth $2,016,000 after purchasing an additional 89,276 shares during the period. Global View Capital Management LLC purchased a new stake in ProShares Short Russell2000 during the third quarter worth about $1,191,000. Finally, Waverly Advisors LLC purchased a new stake in ProShares Short Russell2000 during the second quarter worth about $266,000.
About ProShares Short Russell2000
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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