ProShares Short Russell2000 (NYSEARCA:RWM) Stock Jumps 0.3% – What’s Next?

Shares of ProShares Short Russell2000 (NYSEARCA:RWM) shot up 0.3% on Monday. The company traded as high as $14.43 and last traded at $14.42. Approximately 23,031,409 shares traded hands during trading, an increase of 0% from the average session volume of 22,944,000 shares. The stock had previously closed at $14.37.

ProShares Short Russell2000 Stock Up 0.3%

The company’s 50 day moving average price is $13.80 and its two-hundred day moving average price is $14.12.

Hedge Funds Weigh In On ProShares Short Russell2000

Several hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC lifted its stake in ProShares Short Russell2000 by 169.9% in the first quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock worth $54,000 after purchasing an additional 2,100 shares during the last quarter. Waverly Advisors LLC purchased a new position in shares of ProShares Short Russell2000 during the second quarter valued at approximately $266,000. AFG Fiduciary Services Limited Partnership grew its stake in shares of ProShares Short Russell2000 by 147.1% during 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 last quarter. Finally, IMC Chicago LLC bought a new position in shares of ProShares Short Russell2000 during the first quarter valued at approximately $1,753,000.

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.