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

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 879,527 shares, a growth of 65.4% from the August 15th total of 531,756 shares. Currently, 9.0% of the company’s stock are short sold. Based on an average daily volume of 14,454,161 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Short Russell2000 Price Performance

NYSEARCA RWM opened at $14.16 on Thursday. ProShares Short Russell2000 has a 12 month low of $13.16 and a 12 month high of $17.80. The stock has a 50 day moving average of $13.58 and a 200-day moving average of $14.35.

Institutional Trading of ProShares Short Russell2000

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of ProShares Short Russell2000 by 492,402.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock valued at $7,095,000 after acquiring an additional 433,314 shares during the period. AFG Fiduciary Services Limited Partnership raised its holdings in shares of ProShares Short Russell2000 by 147.1% in the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock valued at $2,016,000 after purchasing an additional 89,276 shares during the period. IMC Chicago LLC bought a new stake in shares of ProShares Short Russell2000 in the 1st quarter valued at about $1,753,000. Waverly Advisors LLC acquired a new stake in ProShares Short Russell2000 in the 2nd quarter valued at about $266,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in ProShares Short Russell2000 in the 4th quarter valued at about $241,000.

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.