ProShares Short Russell2000 (NYSEARCA:RWM) Trading 0.6% Higher – Here’s What Happened

ProShares Short Russell2000 (NYSEARCA:RWM)’s share price were up 0.6% on Thursday . The stock traded as high as $13.46 and last traded at $13.45. 18,845,767 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 21,661,182 shares. The stock had previously closed at $13.37.

ProShares Short Russell2000 Stock Up 0.6%

The firm’s 50-day moving average price is $13.67 and its 200 day moving average price is $14.71.

Hedge Funds Weigh In On ProShares Short Russell2000

A number of hedge funds have recently bought and sold shares of RWM. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ProShares Short Russell2000 by 492,402.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock worth $7,095,000 after buying an additional 433,314 shares in the last quarter. UBS Group AG boosted its holdings in ProShares Short Russell2000 by 175.7% during the 3rd quarter. UBS Group AG now owns 391,619 shares of the company’s stock worth $6,575,000 after acquiring an additional 249,586 shares during the last quarter. Leuthold Group LLC grew its position in ProShares Short Russell2000 by 35.8% in the 4th quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock worth $13,386,000 after purchasing an additional 215,580 shares in the last quarter. BNP Paribas Financial Markets bought a new position in ProShares Short Russell2000 in the 2nd quarter valued at $2,835,000. Finally, Jane Street Group LLC increased its holdings in ProShares Short Russell2000 by 577.0% during the first quarter. Jane Street Group LLC now owns 172,386 shares of the company’s stock worth $3,577,000 after buying an additional 146,924 shares during 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.