ProShares Short Russell2000 $RWM Stake Lowered by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in shares of ProShares Short Russell2000 (NYSEARCA:RWM) by 93.5% during the third quarter, Holdings Channel reports. The institutional investor owned 34,525 shares of the company’s stock after selling 495,913 shares during the period. Oppenheimer & Co. Inc.’s holdings in ProShares Short Russell2000 were worth $497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AFG Fiduciary Services Limited Partnership grew its position in ProShares Short Russell2000 by 147.1% during the second quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock worth $2,016,000 after buying an additional 89,276 shares during the period. IMC Chicago LLC acquired a new stake in shares of ProShares Short Russell2000 during the 1st quarter valued at approximately $1,753,000. Waverly Advisors LLC acquired a new stake in shares of ProShares Short Russell2000 during the 2nd quarter valued at approximately $266,000. Finally, Group One Trading LLC lifted its position in shares of ProShares Short Russell2000 by 169.9% during the 1st quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock valued at $54,000 after acquiring an additional 2,100 shares during the period.

ProShares Short Russell2000 Price Performance

Shares of NYSEARCA:RWM opened at $14.79 on Friday. The business’s 50 day simple moving average is $14.21 and its 200-day simple moving average is $14.49. ProShares Short Russell2000 has a 12 month low of $13.16 and a 12 month high of $17.80.

ProShares Short Russell2000 shares 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 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.