Gunderson Capital Management Inc. Takes Position in ProShares Short Russell2000 $RWM

Gunderson Capital Management Inc. bought a new position in ProShares Short Russell2000 (NYSEARCA:RWM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 310,569 shares of the company’s stock, valued at approximately $5,084,000. ProShares Short Russell2000 comprises about 2.3% of Gunderson Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. Gunderson Capital Management Inc. owned approximately 3.97% of ProShares Short Russell2000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AFG Fiduciary Services Limited Partnership lifted its holdings in shares of ProShares Short Russell2000 by 92.7% during the third quarter. AFG Fiduciary Services Limited Partnership now owns 260,180 shares of the company’s stock valued at $4,361,000 after purchasing an additional 125,196 shares during the last quarter. Per Stirling Capital Management LLC. increased its stake in ProShares Short Russell2000 by 133.1% in the 2nd quarter. Per Stirling Capital Management LLC. now owns 81,287 shares of the company’s stock worth $1,530,000 after purchasing an additional 46,421 shares in the last quarter. Jump Financial LLC acquired a new stake in ProShares Short Russell2000 during the 2nd quarter worth about $4,344,000. Choreo LLC raised its holdings in ProShares Short Russell2000 by 201.1% during the 2nd quarter. Choreo LLC now owns 38,520 shares of the company’s stock worth $733,000 after buying an additional 25,725 shares during the period. Finally, A. D. Beadell Investment Counsel Inc. purchased a new stake in ProShares Short Russell2000 during the third quarter valued at about $344,000.

ProShares Short Russell2000 Trading Down 3.5%

Shares of RWM opened at $16.22 on Wednesday. ProShares Short Russell2000 has a one year low of $14.87 and a one year high of $23.99. The company has a 50-day moving average of $15.71 and a two-hundred day moving average of $16.18.

ProShares Short Russell2000 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were given a $0.0642 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, March 25th.

ProShares Short Russell2000 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.