ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $14.49 and traded as high as $14.83. ProShares Short Russell2000 shares last traded at $14.79, with a volume of 87,178,398 shares changing hands.
ProShares Short Russell2000 Trading Up 4.6%
The company’s 50-day moving average is $14.21 and its 200-day moving average is $14.49.
ProShares Short Russell2000 shares are scheduled to reverse split before the market opens on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Group One Trading LLC raised its position in shares of 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 during the last quarter. Simplex Trading LLC acquired a new position in ProShares Short Russell2000 in the third quarter valued at approximately $120,000. Choreo LLC lifted its holdings in ProShares Short Russell2000 by 32.4% in the third quarter. Choreo LLC now owns 59,883 shares of the company’s stock valued at $862,000 after buying an additional 14,645 shares during the period. Waverly Advisors LLC bought a new position in ProShares Short Russell2000 in the second quarter valued at approximately $266,000. Finally, Global View Capital Management LLC bought a new position in ProShares Short Russell2000 in the third quarter valued at approximately $1,191,000.
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.
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