ProShares Short Russell2000 (NYSEARCA:RWM) Shares Down 1.1% – What’s Next?

Shares of ProShares Short Russell2000 (NYSEARCA:RWM) traded down 1.1% on Wednesday . The stock traded as low as $18.12 and last traded at $18.12. 6,955,792 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 8,531,690 shares. The stock had previously closed at $18.32.

ProShares Short Russell2000 Stock Down 1.1 %

The company has a fifty day simple moving average of $18.29 and a two-hundred day simple moving average of $18.87.

Hedge Funds Weigh In On ProShares Short Russell2000

A number of hedge funds have recently made changes to their positions in RWM. Jane Street Group LLC increased its position in ProShares Short Russell2000 by 685.4% during the 3rd quarter. Jane Street Group LLC now owns 107,030 shares of the company’s stock worth $2,024,000 after purchasing an additional 93,402 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in ProShares Short Russell2000 during the third quarter worth approximately $561,000. Eastern Bank acquired a new stake in shares of ProShares Short Russell2000 in the fourth quarter worth $156,000. West Michigan Advisors LLC purchased a new position in shares of ProShares Short Russell2000 in the 3rd quarter valued at $1,209,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of ProShares Short Russell2000 during the 4th quarter valued at $911,000.

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.