ProShares Short Russell2000 Shares to Reverse Split on Thursday, November 19th (NYSEARCA:RWM)

Shares of ProShares Short Russell2000 (NYSEARCA:RWM) are going 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 closing bell on Wednesday, November 18th.

ProShares Short Russell2000 Price Performance

ProShares Short Russell2000 stock traded down $0.21 during mid-day trading on Wednesday, reaching $14.14. 89,861,489 shares of the company’s stock were exchanged, compared to its average volume of 26,116,912. ProShares Short Russell2000 has a twelve month low of $13.16 and a twelve month high of $17.80. The company has a fifty day moving average of $14.18 and a 200-day moving average of $14.49.

Institutional Trading of ProShares Short Russell2000

Several hedge funds have recently modified their holdings of the stock. Group One Trading LLC boosted its holdings in ProShares Short Russell2000 by 169.9% in the first quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock valued at $54,000 after purchasing an additional 2,100 shares during the period. Simplex Trading LLC purchased a new stake in ProShares Short Russell2000 during the 3rd quarter worth about $120,000. Waverly Advisors LLC purchased a new stake in ProShares Short Russell2000 during the 2nd quarter worth about $266,000. Choreo LLC raised its position in ProShares Short Russell2000 by 32.4% in the 3rd quarter. Choreo LLC now owns 59,883 shares of the company’s stock valued at $862,000 after purchasing an additional 14,645 shares in the last quarter. Finally, Global View Capital Management LLC acquired a new stake in ProShares Short Russell2000 in the 3rd quarter valued at about $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.