ProShares Short Russell2000 (NYSEARCA:RWM) Short Interest Down 60.6% in April

ProShares Short Russell2000 (NYSEARCA:RWM) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 432,514 shares, a decrease of 60.6% from the March 31st total of 1,098,428 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average trading volume of 20,286,745 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares Short Russell2000

A number of hedge funds have recently added to or reduced their stakes in the stock. Bogart Wealth LLC purchased a new stake in shares of ProShares Short Russell2000 in the 3rd quarter worth approximately $29,000. Group One Trading LLC lifted its position in shares of ProShares Short Russell2000 by 74.7% in the 2nd quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock worth $56,000 after purchasing an additional 1,270 shares during the period. Total Wealth Planning & Management Inc. purchased a new stake in shares of ProShares Short Russell2000 in the 4th quarter worth approximately $241,000. Resonant Capital Advisors LLC lifted its position in shares of ProShares Short Russell2000 by 49.7% in the 4th quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock worth $251,000 after purchasing an additional 5,092 shares during the period. Finally, Alpha Advisors LLC VA purchased a new stake in shares of ProShares Short Russell2000 in the 3rd quarter worth approximately $278,000.

ProShares Short Russell2000 Price Performance

RWM stock traded down $0.06 during mid-day trading on Friday, reaching $14.57. The company had a trading volume of 20,015,627 shares, compared to its average volume of 24,891,428. The firm has a 50 day moving average of $15.66 and a 200 day moving average of $15.99. ProShares Short Russell2000 has a 12 month low of $14.41 and a 12 month high of $21.42.

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.