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

ProShares Short Russell2000 (NYSEARCA:RWM) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 592,444 shares, an increase of 71.9% from the May 14th total of 344,629 shares. Based on an average daily trading volume, of 16,715,233 shares, the days-to-cover ratio is presently 0.0 days. Approximately 6.0% of the company’s shares are short sold.

ProShares Short Russell2000 Price Performance

RWM traded down $0.10 during trading on Monday, hitting $13.68. The company’s stock had a trading volume of 17,719,208 shares, compared to its average volume of 22,428,932. ProShares Short Russell2000 has a twelve month low of $13.52 and a twelve month high of $19.85. The stock’s fifty day moving average price is $14.55 and its 200-day moving average price is $15.39.

Hedge Funds Weigh In On ProShares Short Russell2000

A number of large investors have recently modified their holdings of the company. Group One Trading LLC lifted its holdings in shares of ProShares Short Russell2000 by 74.7% in the 2nd quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock worth $56,000 after purchasing an additional 1,270 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of ProShares Short Russell2000 by 49.7% in the 4th quarter. Resonant Capital Advisors LLC now owns 15,346 shares of the company’s stock worth $251,000 after purchasing an additional 5,092 shares in the last quarter. Per Stirling Capital Management LLC. lifted its holdings in shares of ProShares Short Russell2000 by 13.1% in the 3rd quarter. Per Stirling Capital Management LLC. now owns 91,900 shares of the company’s stock worth $1,543,000 after purchasing an additional 10,613 shares in the last quarter. Total Wealth Planning & Management Inc. bought a new position in shares of ProShares Short Russell2000 in the 4th quarter worth $241,000. Finally, Flow Traders U.S. LLC bought a new position in shares of ProShares Short Russell2000 in the 2nd quarter worth $302,000.

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.