ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 827,696 shares, an increase of 120.1% from the June 15th total of 376,053 shares. Based on an average daily volume of 13,665,064 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.7% of the shares of the company are sold short.
ProShares Short Russell2000 Price Performance
Shares of NYSEARCA:RWM traded up $0.02 on Thursday, hitting $13.55. The company had a trading volume of 27,772,844 shares, compared to its average volume of 21,155,535. The stock has a 50 day moving average price of $13.87 and a 200 day moving average price of $14.95. ProShares Short Russell2000 has a 1-year low of $13.19 and a 1-year high of $19.19.
Institutional Investors Weigh In On ProShares Short Russell2000
Hedge funds have recently bought and sold shares of the stock. Group One Trading LLC grew 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 purchasing an additional 2,100 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in ProShares Short Russell2000 during the 4th quarter worth approximately $241,000. Resonant Capital Advisors LLC boosted its stake in ProShares Short Russell2000 by 49.7% in the 4th quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock valued at $251,000 after purchasing an additional 5,092 shares during the period. Flow Traders U.S. LLC bought a new stake in ProShares Short Russell2000 in the 2nd quarter valued at $302,000. Finally, Jump Financial LLC acquired a new position in ProShares Short Russell2000 in the 4th quarter valued at $348,000.
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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