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

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 598,251 shares, a drop of 39.7% from the July 15th total of 991,489 shares. Based on an average trading volume of 28,398,706 shares, the short-interest ratio is presently 0.0 days. Approximately 6.2% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Short Russell2000

Several hedge funds and other institutional investors have recently bought and sold shares of RWM. Group One Trading LLC raised its holdings in shares of ProShares Short Russell2000 by 74.7% during the second quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock valued at $56,000 after purchasing an additional 1,270 shares during the period. Resonant Capital Advisors LLC raised its stake in ProShares Short Russell2000 by 49.7% during the 4th quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock worth $251,000 after buying an additional 5,092 shares during the period. Total Wealth Planning & Management Inc. bought a new position in ProShares Short Russell2000 in the fourth quarter worth approximately $241,000. Flow Traders U.S. LLC acquired a new stake in ProShares Short Russell2000 in the second quarter valued at approximately $302,000. Finally, Headlands Technologies LLC acquired a new stake in ProShares Short Russell2000 in the second quarter valued at approximately $391,000.

ProShares Short Russell2000 Trading Up 1.1%

RWM stock traded up $0.14 during mid-day trading on Tuesday, reaching $13.37. The company’s stock had a trading volume of 13,615,535 shares, compared to its average volume of 21,267,563. ProShares Short Russell2000 has a 12 month low of $13.16 and a 12 month high of $18.26. The business’s 50 day moving average price is $13.56 and its 200 day moving average price is $14.61.

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.