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

ProShares Short Russell2000 (NYSEARCA:RWM) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 344,629 shares, a drop of 37.0% from the April 30th total of 546,992 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily volume of 16,338,526 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC lifted its holdings in ProShares Short Russell2000 by 74.7% in the 2nd quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock valued at $56,000 after purchasing an additional 1,270 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of ProShares Short Russell2000 by 49.7% in the 4th 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 during the last quarter. Leuthold Group LLC increased its stake in shares of ProShares Short Russell2000 by 1.2% in the 3rd quarter. Leuthold Group LLC now owns 602,105 shares of the company’s stock worth $10,109,000 after acquiring an additional 7,032 shares during the last quarter. Per Stirling Capital Management LLC. increased its stake in shares of ProShares Short Russell2000 by 13.1% in the 3rd quarter. Per Stirling Capital Management LLC. now owns 91,900 shares of the company’s stock worth $1,543,000 after acquiring an additional 10,613 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new stake in shares of ProShares Short Russell2000 in the 4th quarter worth $241,000.

ProShares Short Russell2000 Stock Performance

Shares of RWM stock opened at $13.86 on Wednesday. The stock’s fifty day moving average is $14.96 and its two-hundred day moving average is $15.60. ProShares Short Russell2000 has a fifty-two week low of $13.80 and a fifty-two week high of $19.96.

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.