ProShares Short Russell2000 (NYSEARCA:RWM) Stock Price Cross Above 200 Day Moving Average – Here’s Why

Shares of ProShares Short Russell2000 (NYSEARCA:RWM) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-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 trading hands.

ProShares Short Russell2000 Stock Down 0.8%

The company’s fifty day moving average is $14.24 and its 200 day moving average is $14.49.

Shares of ProShares Short Russell2000 are set to reverse split 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RWM. Group One Trading LLC boosted its holdings in ProShares Short Russell2000 by 169.9% in the 1st 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 bought a new position in shares of ProShares Short Russell2000 in the third quarter worth $120,000. Choreo LLC increased its holdings in shares of ProShares Short Russell2000 by 32.4% in the third quarter. Choreo LLC now owns 59,883 shares of the company’s stock worth $862,000 after purchasing an additional 14,645 shares during the period. Waverly Advisors LLC purchased a new stake in shares of ProShares Short Russell2000 in the second quarter worth $266,000. Finally, Global View Capital Management LLC purchased a new stake in shares of ProShares Short Russell2000 in the third quarter worth $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.