ProShares Short Russell2000 (NYSEARCA:RWM) Shares Set to Reverse Split on Thursday, November 19th

Shares of ProShares Short Russell2000 (NYSEARCA:RWM) are scheduled to reverse split on the morning of Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

ProShares Short Russell2000 Stock Up 0.3%

NYSEARCA:RWM opened at $14.46 on Friday. ProShares Short Russell2000 has a fifty-two week low of $13.16 and a fifty-two week high of $17.80. The stock’s 50-day moving average is $14.30 and its two-hundred day moving average is $14.46.

Institutional Trading of ProShares Short Russell2000

A number of hedge funds have recently made changes to their positions in RWM. Leuthold Group LLC boosted its holdings in shares of ProShares Short Russell2000 by 20.3% during the third quarter. Leuthold Group LLC now owns 1,039,914 shares of the company’s stock worth $14,964,000 after purchasing an additional 175,584 shares during the period. AFG Fiduciary Services Limited Partnership increased 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 valued at $2,016,000 after buying an additional 89,276 shares during the period. Global View Capital Management LLC purchased a new stake in ProShares Short Russell2000 in the 3rd quarter worth approximately $1,191,000. Choreo LLC lifted its position in ProShares Short Russell2000 by 32.4% in the 3rd quarter. Choreo LLC now owns 59,883 shares of the company’s stock worth $862,000 after buying an additional 14,645 shares in the last quarter. Finally, Cibc World Market Inc. purchased a new stake in ProShares Short Russell2000 in the 3rd quarter worth approximately $672,000.

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.