ProShares Short Russell2000 (NYSEARCA:RWM) Short Interest Down 37.0% in May

ProShares Short Russell2000 (NYSEARCA:RWM) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 344,629 shares, a decline of 37.0% from the April 30th total of 546,992 shares. Based on an average daily trading volume, of 16,338,526 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.5% of the shares of the stock are sold short.

ProShares Short Russell2000 Trading Down 1.5%

Shares of NYSEARCA RWM opened at $13.84 on Friday. ProShares Short Russell2000 has a 12-month low of $13.80 and a 12-month high of $19.85. The firm’s 50-day simple moving average is $14.81 and its 200 day simple moving average is $15.53.

Institutional Investors Weigh In On ProShares Short Russell2000

A number of hedge funds have recently added to or reduced their stakes in RWM. Jane Street Group LLC grew its holdings in ProShares Short Russell2000 by 577.0% during the 1st 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. Flow Traders U.S. LLC bought a new stake in ProShares Short Russell2000 during the 2nd quarter worth about $302,000. Qube Research & Technologies Ltd grew its holdings in ProShares Short Russell2000 by 27,302.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 25,210 shares of the company’s stock worth $474,000 after acquiring an additional 25,118 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in ProShares Short Russell2000 during the 2nd quarter worth about $2,835,000. Finally, Group One Trading LLC grew its holdings in ProShares Short Russell2000 by 74.7% during the 2nd quarter. Group One Trading LLC now owns 2,970 shares of the company’s stock worth $56,000 after acquiring an additional 1,270 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.