ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report) shot up 0.3% during mid-day trading on Monday. The company traded as high as $14.43 and last traded at $14.42. Approximately 23,031,409 shares changed hands during trading, an increase of 0% from the average daily volume of 22,944,000 shares. The stock had previously closed at $14.37.
ProShares Short Russell2000 Price Performance
The firm’s 50-day simple moving average is $13.83 and its 200 day simple moving average is $14.11.
Institutional Investors Weigh In On ProShares Short Russell2000
Several large investors have recently modified their holdings of RWM. AFG Fiduciary Services Limited Partnership raised its holdings in shares of ProShares Short Russell2000 by 147.1% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock worth $2,016,000 after purchasing an additional 89,276 shares during the period. IMC Chicago LLC purchased a new position in ProShares Short Russell2000 in the first quarter valued at approximately $1,753,000. Waverly Advisors LLC bought a new position in ProShares Short Russell2000 during the second quarter valued at $266,000. Finally, Group One Trading LLC grew its holdings in ProShares Short Russell2000 by 169.9% during 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.
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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