Shares of ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report) traded up 0.3% on Monday. The company traded as high as $14.43 and last traded at $14.42. 23,031,409 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 22,944,000 shares. The stock had previously closed at $14.37.
ProShares Short Russell2000 Stock Up 0.3%
The stock’s fifty day moving average price is $13.80 and its 200 day moving average price is $14.12.
Hedge Funds Weigh In On ProShares Short Russell2000
A number of hedge funds have recently added to or reduced their stakes in RWM. AFG Fiduciary Services Limited Partnership grew its stake in ProShares Short Russell2000 by 147.1% in the 2nd 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 purchased a new position in shares of ProShares Short Russell2000 during the first quarter worth approximately $1,753,000. Waverly Advisors LLC bought a new stake in shares of ProShares Short Russell2000 during the second quarter valued at approximately $266,000. Finally, Group One Trading LLC raised its stake 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 valued at $54,000 after acquiring an additional 2,100 shares in the last quarter.
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.
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