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

ProShares Short Russell2000 (NYSEARCA:RWM) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 592,444 shares, an increase of 71.9% from the May 14th total of 344,629 shares. Currently, 6.0% of the company’s shares are sold short. Based on an average daily volume of 16,715,233 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of ProShares Short Russell2000

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ProShares Short Russell2000 by 492,402.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock worth $7,095,000 after purchasing an additional 433,314 shares during the last quarter. Gunderson Capital Management Inc. bought a new stake in ProShares Short Russell2000 in the fourth quarter valued at approximately $5,084,000. Leuthold Group LLC boosted its holdings in ProShares Short Russell2000 by 35.8% in the fourth quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock valued at $13,386,000 after acquiring an additional 215,580 shares during the last quarter. Per Stirling Capital Management LLC. boosted its holdings in ProShares Short Russell2000 by 13.1% in the third quarter. Per Stirling Capital Management LLC. now owns 91,900 shares of the company’s stock valued at $1,543,000 after acquiring an additional 10,613 shares during the last quarter. Finally, Alpha Advisors LLC VA bought a new stake in ProShares Short Russell2000 in the third quarter valued at approximately $278,000.

ProShares Short Russell2000 Stock Performance

Shares of NYSEARCA:RWM traded down $0.10 during midday trading on Monday, hitting $13.68. 17,719,208 shares of the stock were exchanged, compared to its average volume of 22,428,932. The business’s 50-day moving average price is $14.55 and its 200 day moving average price is $15.39. ProShares Short Russell2000 has a 12 month low of $13.52 and a 12 month high of $19.85.

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.