Short Interest in ProShares Short Russell2000 (NYSEARCA:RWM) Increases By 55.9%

ProShares Short Russell2000 (NYSEARCA:RWM) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 638,446 shares, an increase of 55.9% from the February 26th total of 409,654 shares. Based on an average daily volume of 30,113,842 shares, the days-to-cover ratio is currently 0.0 days. Currently, 8.4% of the shares of the stock are sold short.

ProShares Short Russell2000 Price Performance

Shares of NYSEARCA:RWM traded up $0.29 during trading on Friday, reaching $16.57. The company had a trading volume of 33,639,736 shares, compared to its average volume of 25,766,754. The company has a fifty day moving average of $15.66 and a two-hundred day moving average of $16.19. ProShares Short Russell2000 has a 12 month low of $14.87 and a 12 month high of $23.99.

ProShares Short Russell2000 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be paid a $0.0642 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, March 25th.

Institutional Investors Weigh In On ProShares Short Russell2000

Several hedge funds have recently added to or reduced their stakes in the company. AFG Fiduciary Services Limited Partnership increased its position in shares of ProShares Short Russell2000 by 92.7% during the 3rd quarter. AFG Fiduciary Services Limited Partnership now owns 260,180 shares of the company’s stock valued at $4,361,000 after purchasing an additional 125,196 shares during the last quarter. Per Stirling Capital Management LLC. lifted its position in ProShares Short Russell2000 by 133.1% in the 2nd quarter. Per Stirling Capital Management LLC. now owns 81,287 shares of the company’s stock worth $1,530,000 after buying an additional 46,421 shares during the last quarter. Jump Financial LLC purchased a new stake in ProShares Short Russell2000 in the second quarter worth approximately $4,344,000. Choreo LLC boosted its stake in ProShares Short Russell2000 by 201.1% in the second quarter. Choreo LLC now owns 38,520 shares of the company’s stock worth $733,000 after buying an additional 25,725 shares in the last quarter. Finally, A. D. Beadell Investment Counsel Inc. bought a new position in ProShares Short Russell2000 during the third quarter valued at approximately $344,000.

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.