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

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 698,978 shares, a decrease of 29.4% from the December 15th total of 989,596 shares. Based on an average daily trading volume, of 18,205,666 shares, the short-interest ratio is presently 0.0 days. Currently, 8.6% of the shares of the company are sold short. Currently, 8.6% of the shares of the company are sold short. Based on an average daily trading volume, of 18,205,666 shares, the short-interest ratio is presently 0.0 days.

ProShares Short Russell2000 Stock Performance

RWM remained flat at $15.21 on Friday. 20,353,787 shares of the company’s stock were exchanged, compared to its average volume of 21,734,053. The company has a 50-day moving average price of $16.31 and a 200-day moving average price of $17.03. ProShares Short Russell2000 has a one year low of $15.12 and a one year high of $23.99.

Hedge Funds Weigh In On ProShares Short Russell2000

A number of hedge funds have recently bought and sold shares of RWM. Bogart Wealth LLC acquired a new stake in ProShares Short Russell2000 during the 3rd quarter worth $29,000. Group One Trading LLC boosted its position in ProShares Short Russell2000 by 74.7% during the second quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock worth $56,000 after acquiring an additional 1,270 shares during the last quarter. West Michigan Advisors LLC acquired a new position in ProShares Short Russell2000 during the second quarter worth about $223,000. Alpha Advisors LLC VA purchased a new stake in ProShares Short Russell2000 during the 3rd quarter valued at about $278,000. Finally, Flow Traders U.S. LLC acquired a new stake in ProShares Short Russell2000 in the 2nd quarter valued at about $302,000.

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.