ProShares Short Russell2000 (NYSEARCA:RWM) Trading Up 0.6% – Should You Buy?
by Tristan Rich · The Markets DailyProShares Short Russell2000 (NYSEARCA:RWM – Get Free Report)’s stock price traded up 0.6% during trading on Thursday . The company traded as high as $13.46 and last traded at $13.45. Approximately 18,845,767 shares were traded during mid-day trading, a decline of 13% from the average session volume of 21,661,182 shares. The stock had previously closed at $13.37.
ProShares Short Russell2000 Price Performance
The stock’s 50 day simple moving average is $13.67 and its two-hundred day simple moving average is $14.71.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of ProShares Short Russell2000 by 492,402.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock valued at $7,095,000 after purchasing an additional 433,314 shares during the period. UBS Group AG grew its stake in ProShares Short Russell2000 by 175.7% in the 3rd quarter. UBS Group AG now owns 391,619 shares of the company’s stock valued at $6,575,000 after buying an additional 249,586 shares during the last quarter. Leuthold Group LLC raised its holdings in ProShares Short Russell2000 by 35.8% in the 4th quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock valued at $13,386,000 after acquiring an additional 215,580 shares during the period. BNP Paribas Financial Markets bought a new position in ProShares Short Russell2000 in the 2nd quarter valued at about $2,835,000. Finally, Jane Street Group LLC lifted its position 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 acquiring an additional 146,924 shares during the last quarter.
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.