ProShares Short Russell2000 (NYSEARCA:RWM) Sees Significant Drop in Short Interest

ProShares Short Russell2000 (NYSEARCA:RWM) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 344,629 shares, a decrease of 37.0% from the April 30th total of 546,992 shares. Based on an average daily volume of 16,338,526 shares, the short-interest ratio is presently 0.0 days. Currently, 3.5% of the shares of the company are sold short.

ProShares Short Russell2000 Stock Performance

ProShares Short Russell2000 stock opened at $13.86 on Wednesday. ProShares Short Russell2000 has a 12 month low of $13.80 and a 12 month high of $19.96. The stock’s 50 day simple moving average is $14.96 and its two-hundred day simple moving average is $15.60.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RWM. Northwestern Mutual Wealth Management Co. raised its stake in shares of ProShares Short Russell2000 by 492,402.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock worth $7,095,000 after buying an additional 433,314 shares during the period. Gunderson Capital Management Inc. acquired a new position in shares of ProShares Short Russell2000 during the 4th quarter worth approximately $5,084,000. UBS Group AG raised its stake in shares of ProShares Short Russell2000 by 175.7% during the 3rd quarter. UBS Group AG now owns 391,619 shares of the company’s stock worth $6,575,000 after buying an additional 249,586 shares during the period. Leuthold Group LLC raised its stake in shares of ProShares Short Russell2000 by 35.8% during the 4th quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock worth $13,386,000 after buying an additional 215,580 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of ProShares Short Russell2000 during the 2nd quarter worth approximately $2,835,000.

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.