Oppenheimer & Co. Inc. decreased its holdings in shares of ProShares Short Russell2000 (NYSEARCA:RWM – Free Report) by 93.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,525 shares of the company’s stock after selling 495,913 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.35% of ProShares Short Russell2000 worth $497,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in shares of ProShares Short Russell2000 in the 1st quarter valued at approximately $1,753,000. AFG Fiduciary Services Limited Partnership boosted its stake in shares of ProShares Short Russell2000 by 147.1% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock valued at $2,016,000 after buying an additional 89,276 shares in the last quarter. Waverly Advisors LLC purchased a new stake in shares of ProShares Short Russell2000 in the second quarter valued at approximately $266,000. Finally, Group One Trading LLC grew 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 during the period.
ProShares Short Russell2000 Stock Up 4.6%
Shares of RWM stock opened at $14.79 on Friday. The business’s fifty day moving average price is $14.21 and its 200 day moving average price is $14.49. ProShares Short Russell2000 has a 1-year low of $13.16 and a 1-year high of $17.80.
ProShares Short Russell2000’s stock is set 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 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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