ProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $14.54 and traded as low as $14.40. ProShares Short Russell2000 shares last traded at $14.50, with a volume of 62,862,681 shares trading hands.
ProShares Short Russell2000 Stock Performance
The firm has a 50-day moving average of $14.10 and a 200 day moving average of $14.52.
Hedge Funds Weigh In On ProShares Short Russell2000
A number of institutional investors and hedge funds have recently modified their holdings of the business. Group One Trading LLC increased its stake in shares of ProShares Short Russell2000 by 169.9% in the 1st 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. Waverly Advisors LLC acquired a new position in shares of ProShares Short Russell2000 during the 2nd quarter valued at $266,000. Choreo LLC boosted its stake in ProShares Short Russell2000 by 32.4% during the third quarter. Choreo LLC now owns 59,883 shares of the company’s stock worth $862,000 after acquiring an additional 14,645 shares in the last quarter. Global View Capital Management LLC bought a new position in ProShares Short Russell2000 during the third quarter worth $1,191,000. Finally, IMC Chicago LLC bought a new position in ProShares Short Russell2000 during the first quarter worth $1,753,000.
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.
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