ProShares Short Russell2000 (NYSEARCA:RWM) Stock Price Down 1.1% – Here’s Why

ProShares Short Russell2000 (NYSEARCA:RWM) shares traded down 1.1% during mid-day trading on Wednesday . The company traded as low as $18.12 and last traded at $18.12. 6,955,792 shares were traded during mid-day trading, a decline of 18% from the average session volume of 8,531,690 shares. The stock had previously closed at $18.32.

ProShares Short Russell2000 Stock Performance

The business has a 50 day simple moving average of $18.32 and a 200-day simple moving average of $18.86.

Institutional Investors Weigh In On ProShares Short Russell2000

Several large investors have recently modified their holdings of the stock. West Michigan Advisors LLC acquired a new position in shares of ProShares Short Russell2000 in the third quarter worth about $1,209,000. Prospera Private Wealth LLC purchased a new position in ProShares Short Russell2000 during the 3rd quarter worth approximately $33,000. Integrated Wealth Concepts LLC purchased a new position in ProShares Short Russell2000 during the 3rd quarter worth approximately $561,000. Jane Street Group LLC raised its stake in ProShares Short Russell2000 by 685.4% during the 3rd quarter. Jane Street Group LLC now owns 107,030 shares of the company’s stock valued at $2,024,000 after purchasing an additional 93,402 shares during the period. Finally, Eastern Bank purchased a new stake in shares of ProShares Short Russell2000 in the fourth quarter valued at $156,000.

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.