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

ProShares Short Russell2000 (NYSEARCA:RWM) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 376,053 shares, a decrease of 36.5% from the May 31st total of 592,444 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 17,951,426 shares, the short-interest ratio is currently 0.0 days.

ProShares Short Russell2000 Stock Up 1.2%

NYSEARCA:RWM traded up $0.15 during mid-day trading on Thursday, reaching $13.49. 9,299,209 shares of the company’s stock traded hands, compared to its average volume of 21,525,580. The company has a 50 day moving average price of $14.08 and a 200-day moving average price of $15.14. ProShares Short Russell2000 has a 12-month low of $13.19 and a 12-month high of $19.19.

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 the business. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 acquiring an additional 433,314 shares in the last quarter. Gunderson Capital Management Inc. purchased a new position in ProShares Short Russell2000 during the 4th quarter valued at $5,084,000. Leuthold Group LLC raised its holdings in ProShares Short Russell2000 by 35.8% in 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 in the last quarter. IMC Chicago LLC bought a new position in ProShares Short Russell2000 in the 1st quarter worth $1,753,000. Finally, Group One Trading LLC lifted its position in shares of ProShares Short Russell2000 by 74.7% in the 2nd quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock worth $56,000 after purchasing an additional 1,270 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.