Short Interest in ProShares Short Russell2000 (NYSEARCA:RWM) Drops By 36.5%

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 376,053 shares, a decline of 36.5% from the May 31st total of 592,444 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 17,951,426 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC grew its position in ProShares Short Russell2000 by 74.7% during the 2nd quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock worth $56,000 after purchasing an additional 1,270 shares during the last quarter. Total Wealth Planning & Management Inc. purchased a new position in ProShares Short Russell2000 in the fourth quarter worth $241,000. Resonant Capital Advisors LLC increased its holdings in ProShares Short Russell2000 by 49.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock valued at $251,000 after buying an additional 5,092 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of ProShares Short Russell2000 during the 2nd quarter worth $302,000. Finally, Alpha Advisors LLC VA acquired a new position in shares of ProShares Short Russell2000 in the third quarter worth $278,000.

ProShares Short Russell2000 Stock Performance

Shares of RWM remained flat at $13.44 during mid-day trading on Friday. The stock had a trading volume of 15,252,432 shares, compared to its average volume of 21,578,531. The firm’s 50-day moving average price is $14.06 and its 200 day moving average price is $15.12. ProShares Short Russell2000 has a fifty-two week low of $13.19 and a fifty-two week high of $19.19.

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.