Short Interest in ProShares Short Russell2000 (NYSEARCA:RWM) Drops By 29.4%

ProShares Short Russell2000 (NYSEARCA:RWM) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 698,978 shares, a decrease of 29.4% from the December 15th total of 989,596 shares. Currently, 8.6% of the shares of the stock are short sold. Based on an average daily volume of 18,205,666 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 18,205,666 shares, the short-interest ratio is presently 0.0 days. Currently, 8.6% of the shares of the stock are short sold.

ProShares Short Russell2000 Stock Performance

ProShares Short Russell2000 stock remained flat at $15.21 during trading on Friday. The company had a trading volume of 20,353,787 shares, compared to its average volume of 21,734,053. The firm’s 50-day moving average price is $16.31 and its 200 day moving average price is $17.03. ProShares Short Russell2000 has a 52-week low of $15.12 and a 52-week high of $23.99.

Institutional Investors Weigh In On ProShares Short Russell2000

A number of hedge funds have recently modified their holdings of RWM. Leuthold Group LLC lifted its holdings in shares of ProShares Short Russell2000 by 1.2% in the 3rd quarter. Leuthold Group LLC now owns 602,105 shares of the company’s stock worth $10,109,000 after acquiring an additional 7,032 shares during the last quarter. UBS Group AG lifted its stake in ProShares Short Russell2000 by 175.7% during the third quarter. UBS Group AG now owns 391,619 shares of the company’s stock worth $6,575,000 after purchasing an additional 249,586 shares in the last quarter. Gunderson Capital Management Inc. acquired a new position in ProShares Short Russell2000 during the fourth quarter worth $5,084,000. AFG Fiduciary Services Limited Partnership boosted its position in shares of ProShares Short Russell2000 by 92.7% during the third quarter. AFG Fiduciary Services Limited Partnership now owns 260,180 shares of the company’s stock worth $4,361,000 after buying an additional 125,196 shares during the period. Finally, One Plus One Wealth Management LLC grew its stake in shares of ProShares Short Russell2000 by 32.8% in the second quarter. One Plus One Wealth Management LLC now owns 232,328 shares of the company’s stock valued at $4,372,000 after buying an additional 57,339 shares in the last quarter.

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.