ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,299,695 shares, a growth of 156.2% from the September 30th total of 507,323 shares. Based on an average daily trading volume, of 48,751,600 shares, the days-to-cover ratio is presently 0.0 days. Approximately 13.1% of the shares of the company are short sold.
ProShares Short Russell2000 Stock Down 0.8%
ProShares Short Russell2000 stock opened at $14.15 on Friday. ProShares Short Russell2000 has a 52 week low of $13.16 and a 52 week high of $17.80. The business’s 50-day moving average price is $14.11 and its 200 day moving average price is $14.51.
Institutional Investors Weigh In On ProShares Short Russell2000
Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC boosted 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 worth $54,000 after buying an additional 2,100 shares in the last quarter. Waverly Advisors LLC acquired a new stake in ProShares Short Russell2000 during the second quarter valued at $266,000. Choreo LLC grew its position in ProShares Short Russell2000 by 32.4% during the third quarter. Choreo LLC now owns 59,883 shares of the company’s stock valued at $862,000 after buying an additional 14,645 shares during the period. Global View Capital Management LLC acquired a new stake in ProShares Short Russell2000 during the third quarter valued at $1,191,000. Finally, IMC Chicago LLC purchased a new position in ProShares Short Russell2000 in the first quarter valued at $1,753,000.
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.
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