ProShares Short Russell2000 (NYSEARCA:RWM) Trading 0.4% Higher – Time to Buy?

ProShares Short Russell2000 (NYSEARCA:RWM)’s stock price were up 0.4% on Tuesday . The company traded as high as $13.69 and last traded at $13.66. 17,616,672 shares changed hands during trading, a decline of 15% from the average daily volume of 20,834,236 shares. The stock had previously closed at $13.60.

ProShares Short Russell2000 Stock Up 0.4%

The stock’s fifty day moving average price is $13.52 and its 200-day moving average price is $14.40.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in shares of ProShares Short Russell2000 by 492,402.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock valued at $7,095,000 after acquiring an additional 433,314 shares during the last quarter. AFG Fiduciary Services Limited Partnership raised its holdings in ProShares Short Russell2000 by 147.1% during the second quarter. AFG Fiduciary Services Limited Partnership now owns 149,965 shares of the company’s stock worth $2,016,000 after acquiring an additional 89,276 shares in the last quarter. IMC Chicago LLC acquired a new position in ProShares Short Russell2000 during the first quarter valued at approximately $1,753,000. Leuthold Group LLC boosted its position in ProShares Short Russell2000 by 35.8% during the fourth quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock valued at $13,386,000 after purchasing an additional 215,580 shares during the last quarter. Finally, Group One Trading LLC grew its stake in ProShares Short Russell2000 by 169.9% in the first quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock valued at $54,000 after purchasing an additional 2,100 shares in the last quarter.

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.