ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report) were up 0.4% during trading on Tuesday . The stock traded as high as $13.69 and last traded at $13.66. 17,616,672 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 20,834,236 shares. The stock had previously closed at $13.60.
ProShares Short Russell2000 Stock Up 0.4%
The firm’s 50 day moving average is $13.52 and its two-hundred day moving average is $14.40.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RWM. Waverly Advisors LLC bought a new stake in shares of ProShares Short Russell2000 in the 2nd quarter valued at about $266,000. AFG Fiduciary Services Limited Partnership raised its stake in ProShares Short Russell2000 by 147.1% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock valued at $2,016,000 after buying an additional 89,276 shares during the period. Group One Trading LLC lifted its position in shares of ProShares Short Russell2000 by 169.9% in the first quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock valued at $54,000 after buying an additional 2,100 shares during the last quarter. IMC Chicago LLC bought a new position in shares of ProShares Short Russell2000 during the 1st quarter worth approximately $1,753,000. Finally, XTX Topco Ltd boosted its stake in shares of ProShares Short Russell2000 by 216.5% during the 4th quarter. XTX Topco Ltd now owns 48,277 shares of the company’s stock worth $790,000 after acquiring an additional 33,024 shares during the period.
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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