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

ProShares Short Russell2000 (NYSEARCA:RWM) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 827,696 shares, an increase of 120.1% from the June 15th total of 376,053 shares. Approximately 10.7% of the shares of the company are sold short. Based on an average daily trading volume, of 13,665,064 shares, the short-interest ratio is currently 0.1 days.

ProShares Short Russell2000 Stock Down 0.6%

Shares of ProShares Short Russell2000 stock traded down $0.09 during trading on Wednesday, reaching $13.51. The company’s stock had a trading volume of 5,052,904 shares, compared to its average volume of 20,940,223. ProShares Short Russell2000 has a 12-month low of $13.19 and a 12-month high of $19.19. The business has a 50 day moving average price of $13.89 and a 200-day moving average price of $14.97.

Institutional Investors Weigh In On ProShares Short Russell2000

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Leuthold Group LLC grew its stake in shares of ProShares Short Russell2000 by 35.8% during the 4th quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock worth $13,386,000 after purchasing an additional 215,580 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ProShares Short Russell2000 by 492,402.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock valued at $7,095,000 after purchasing an additional 433,314 shares during the period. UBS Group AG boosted its holdings in ProShares Short Russell2000 by 175.7% during the third quarter. UBS Group AG now owns 391,619 shares of the company’s stock worth $6,575,000 after buying an additional 249,586 shares in the last quarter. Gunderson Capital Management Inc. purchased a new stake in ProShares Short Russell2000 during the fourth quarter worth about $5,084,000. Finally, Jane Street Group LLC grew its position 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 buying an additional 146,924 shares during the period.

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.