ProShares Short Russell2000 (NYSEARCA:RWM) Short Interest Up 65.4% in August

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 879,527 shares, a growth of 65.4% from the August 15th total of 531,756 shares. Based on an average trading volume of 14,454,161 shares, the short-interest ratio is presently 0.1 days. Currently, 9.0% of the company’s shares are sold short.

ProShares Short Russell2000 Price Performance

RWM stock opened at $14.16 on Thursday. ProShares Short Russell2000 has a twelve month low of $13.16 and a twelve month high of $17.80. The business’s fifty day moving average is $13.58 and its 200-day moving average is $14.35.

Institutional Trading of ProShares Short Russell2000

A number of hedge funds have recently modified their holdings of RWM. Waverly Advisors LLC bought a new position in shares of ProShares Short Russell2000 during the second quarter worth $266,000. AFG Fiduciary Services Limited Partnership increased its holdings in shares of ProShares Short Russell2000 by 147.1% in 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. Group One Trading LLC raised its position in shares of ProShares Short Russell2000 by 169.9% during the first quarter. Group One Trading LLC now owns 3,336 shares of the company’s stock worth $54,000 after purchasing an additional 2,100 shares during the period. IMC Chicago LLC bought a new position in ProShares Short Russell2000 in the first quarter valued at approximately $1,753,000. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of ProShares Short Russell2000 in the fourth quarter valued at approximately $241,000.

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.