ProShares Short Russell2000 (NYSEARCA:RWM) Sees Significant Drop in Short Interest

ProShares Short Russell2000 (NYSEARCA:RWM) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 799,770 shares, a drop of 19.8% from the January 15th total of 997,409 shares. Based on an average daily volume of 22,852,473 shares, the short-interest ratio is currently 0.0 days. Currently, 10.5% of the shares of the stock are short sold. Currently, 10.5% of the shares of the stock are short sold. Based on an average daily volume of 22,852,473 shares, the short-interest ratio is currently 0.0 days.

ProShares Short Russell2000 Stock Down 1.2%

RWM opened at $15.39 on Friday. ProShares Short Russell2000 has a twelve month low of $14.87 and a twelve month high of $23.99. The company has a 50-day simple moving average of $15.71 and a 200 day simple moving average of $16.62.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in ProShares Short Russell2000 by 577.0% during the first 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. West Michigan Advisors LLC bought a new stake in shares of ProShares Short Russell2000 during the 2nd quarter worth $223,000. Choreo LLC boosted its stake in ProShares Short Russell2000 by 201.1% in the second quarter. Choreo LLC now owns 38,520 shares of the company’s stock valued at $733,000 after buying an additional 25,725 shares in the last quarter. Flow Traders U.S. LLC bought a new position in ProShares Short Russell2000 in the second quarter valued at about $302,000. Finally, Per Stirling Capital Management LLC. grew its position in ProShares Short Russell2000 by 133.1% in the second quarter. Per Stirling Capital Management LLC. now owns 81,287 shares of the company’s stock valued at $1,530,000 after acquiring an additional 46,421 shares during the last quarter.

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.