Short Interest in ProShares Short Russell2000 (NYSEARCA:RWM) Drops By 29.4%

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 698,978 shares, a drop of 29.4% from the December 15th total of 989,596 shares. Based on an average daily trading volume, of 18,205,666 shares, the days-to-cover ratio is presently 0.0 days. Currently, 8.6% of the shares of the company are short sold. Currently, 8.6% of the shares of the company are short sold. Based on an average daily trading volume, of 18,205,666 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares Short Russell2000

Several institutional investors and hedge funds have recently bought and sold shares of RWM. Leuthold Group LLC increased its position in ProShares Short Russell2000 by 1.2% in the third quarter. Leuthold Group LLC now owns 602,105 shares of the company’s stock worth $10,109,000 after buying an additional 7,032 shares during the last quarter. UBS Group AG grew its stake in shares of 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 acquiring an additional 249,586 shares during the period. Gunderson Capital Management Inc. purchased a new stake in ProShares Short Russell2000 in the 4th quarter worth about $5,084,000. AFG Fiduciary Services Limited Partnership increased its holdings in ProShares Short Russell2000 by 92.7% in the 3rd quarter. AFG Fiduciary Services Limited Partnership now owns 260,180 shares of the company’s stock worth $4,361,000 after acquiring an additional 125,196 shares during the last quarter. Finally, One Plus One Wealth Management LLC raised its stake in ProShares Short Russell2000 by 32.8% in the 2nd quarter. One Plus One Wealth Management LLC now owns 232,328 shares of the company’s stock valued at $4,372,000 after acquiring an additional 57,339 shares during the period.

ProShares Short Russell2000 Stock Performance

RWM stock remained flat at $15.21 during mid-day trading on Friday. 20,353,787 shares of the company’s stock traded hands, compared to its average volume of 21,734,053. ProShares Short Russell2000 has a twelve month low of $15.12 and a twelve month high of $23.99. The firm’s 50 day moving average is $16.31 and its two-hundred day moving average is $17.02.

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.