ProShares Short Russell2000 (NYSEARCA:RWM) Trading Up 0.4% – Should You Buy?

ProShares Short Russell2000 (NYSEARCA:RWM) shot up 0.4% during mid-day trading on Tuesday . The stock traded as high as $13.69 and last traded at $13.66. Approximately 17,616,672 shares changed hands during trading, a decline of 15% from the average session volume of 20,834,236 shares. The stock had previously closed at $13.60.

ProShares Short Russell2000 Trading Up 1.0%

The stock’s fifty day simple moving average is $13.53 and its 200-day simple moving average is $14.39.

Hedge Funds Weigh In On ProShares Short Russell2000

A number of hedge funds and other institutional investors have recently made changes to their positions in RWM. Northwestern Mutual Wealth Management Co. grew its position in shares of ProShares Short Russell2000 by 492,402.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock valued at $7,095,000 after buying an additional 433,314 shares during the last quarter. UBS Group AG increased its holdings in ProShares Short Russell2000 by 175.7% in the third quarter. UBS Group AG now owns 391,619 shares of the company’s stock worth $6,575,000 after purchasing an additional 249,586 shares in the last quarter. Leuthold Group LLC lifted its stake 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 buying an additional 215,580 shares during the period. BNP Paribas Financial Markets bought a new position in shares of ProShares Short Russell2000 during the 2nd quarter worth approximately $2,835,000. Finally, Jane Street Group LLC grew its position in shares of ProShares Short Russell2000 by 577.0% during the 1st 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.

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.