ProShares Short Russell2000 (NYSEARCA:RWM) Short Interest Down 39.7% in July

ProShares Short Russell2000 (NYSEARCA:RWM) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 598,251 shares, a drop of 39.7% from the July 15th total of 991,489 shares. Currently, 6.2% of the company’s shares are short sold. Based on an average daily trading volume, of 28,398,706 shares, the days-to-cover ratio is currently 0.0 days.

ProShares Short Russell2000 Trading Up 1.3%

NYSEARCA:RWM opened at $13.39 on Wednesday. The company has a fifty day moving average of $13.55 and a 200-day moving average of $14.60. ProShares Short Russell2000 has a twelve month low of $13.16 and a twelve month high of $18.26.

Institutional Investors Weigh In On ProShares Short Russell2000

A number of large investors have recently bought and sold shares of RWM. Leuthold Group LLC raised its holdings in shares of ProShares Short Russell2000 by 35.8% during the fourth quarter. Leuthold Group LLC now owns 817,685 shares of the company’s stock valued at $13,386,000 after purchasing an additional 215,580 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of ProShares Short Russell2000 by 492,402.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 433,402 shares of the company’s stock valued at $7,095,000 after buying an additional 433,314 shares during the period. UBS Group AG increased its position 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 in the last quarter. Jane Street Group LLC increased its position in ProShares Short Russell2000 by 577.0% in the 1st quarter. Jane Street Group LLC now owns 172,386 shares of the company’s stock valued at $3,577,000 after buying an additional 146,924 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in ProShares Short Russell2000 during the 2nd quarter worth approximately $2,835,000.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.