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

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 997,409 shares, a growth of 42.7% from the December 31st total of 698,978 shares. Based on an average daily volume of 21,872,153 shares, the short-interest ratio is currently 0.0 days. Approximately 14.6% of the company’s stock are sold short. Approximately 14.6% of the company’s stock are sold short. Based on an average daily volume of 21,872,153 shares, the short-interest ratio is currently 0.0 days.

ProShares Short Russell2000 Price Performance

ProShares Short Russell2000 stock opened at $15.58 on Friday. ProShares Short Russell2000 has a 12 month low of $14.87 and a 12 month high of $23.99. The business’s fifty day simple moving average is $15.93 and its two-hundred day simple moving average is $16.82.

Institutional Investors Weigh In On ProShares Short Russell2000

A number of hedge funds have recently bought and sold shares of RWM. Bogart Wealth LLC bought a new position in ProShares Short Russell2000 during the third quarter valued at $29,000. Group One Trading LLC raised its position in shares of ProShares Short Russell2000 by 74.7% during the 2nd quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock valued at $56,000 after buying an additional 1,270 shares in the last quarter. West Michigan Advisors LLC bought a new position in shares of ProShares Short Russell2000 in the 2nd quarter valued at about $223,000. Resonant Capital Advisors LLC grew its position in ProShares Short Russell2000 by 49.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock worth $251,000 after acquiring an additional 5,092 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in ProShares Short Russell2000 in the second quarter worth about $302,000.

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.