ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 598,251 shares, a decrease of 39.7% from the July 15th total of 991,489 shares. Based on an average daily volume of 28,398,706 shares, the short-interest ratio is currently 0.0 days. Currently, 6.2% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of RWM. Group One Trading LLC raised its stake in ProShares Short Russell2000 by 169.9% during the first quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock worth $54,000 after acquiring an additional 2,100 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in shares of ProShares Short Russell2000 in the 4th quarter valued at approximately $241,000. Resonant Capital Advisors LLC boosted its stake in shares of ProShares Short Russell2000 by 49.7% in the 4th quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock valued at $251,000 after purchasing an additional 5,092 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of ProShares Short Russell2000 during the 2nd quarter valued at approximately $302,000. Finally, Jump Financial LLC bought a new stake in shares of ProShares Short Russell2000 during the 4th quarter valued at approximately $348,000.
ProShares Short Russell2000 Trading Down 0.5%
Shares of RWM opened at $13.32 on Thursday. ProShares Short Russell2000 has a 52-week low of $13.16 and a 52-week high of $18.26. The business’s fifty day moving average is $13.53 and its 200-day moving average is $14.58.
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.
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