ProShares Short Russell2000 (NYSEARCA:RWM) Short Interest Update

ProShares Short Russell2000 (NYSEARCA:RWM) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 638,446 shares, a growth of 55.9% from the February 26th total of 409,654 shares. Approximately 8.4% of the shares of the company are sold short. Based on an average daily volume of 30,113,842 shares, the short-interest ratio is presently 0.0 days.

ProShares Short Russell2000 Price Performance

Shares of NYSEARCA:RWM traded up $0.29 during midday trading on Friday, reaching $16.57. The company had a trading volume of 33,639,736 shares, compared to its average volume of 25,766,754. The company’s 50 day moving average price is $15.66 and its 200 day moving average price is $16.19. ProShares Short Russell2000 has a 52-week low of $14.87 and a 52-week high of $23.99.

ProShares Short Russell2000 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.0642 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, March 25th.

Institutional Investors Weigh In On ProShares Short Russell2000

Several large investors have recently modified their holdings of RWM. Bogart Wealth LLC purchased a new stake in ProShares Short Russell2000 during the 3rd quarter worth about $29,000. Group One Trading LLC increased its position in shares of ProShares Short Russell2000 by 74.7% during the second quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock valued at $56,000 after buying an additional 1,270 shares during the period. Total Wealth Planning & Management Inc. bought a new stake in shares of ProShares Short Russell2000 during the fourth quarter valued at about $241,000. Resonant Capital Advisors LLC lifted its holdings in shares of ProShares Short Russell2000 by 49.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock worth $251,000 after buying an additional 5,092 shares in the last quarter. Finally, Alpha Advisors LLC VA purchased a new stake in shares of ProShares Short Russell2000 in the third quarter worth about $278,000.

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.