ProShares Short Russell2000 (NYSEARCA:RWM) Shares Gap Up to $24.44

ProShares Short Russell2000 (NYSEARCA:RWM – Get Rating)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $24.44, but opened at $25.10. ProShares Short Russell2000 shares last traded at $25.06, with a volume of 973,460 shares changing hands.

ProShares Short Russell2000 Stock Performance

The business’s 50-day moving average is $23.03 and its two-hundred day moving average is $23.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RWM. Farmers & Merchants Investments Inc. bought a new position in ProShares Short Russell2000 in the 3rd quarter worth about $25,000. Credit Suisse AG bought a new position in shares of ProShares Short Russell2000 in the third quarter valued at approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of ProShares Short Russell2000 in the third quarter valued at approximately $27,000. Resurgent Financial Advisors LLC bought a new position in shares of ProShares Short Russell2000 in the fourth quarter valued at approximately $47,000. Finally, Mirabella Financial Services LLP bought a new position in shares of ProShares Short Russell2000 in the third quarter valued at approximately $102,000.

About ProShares Short Russell2000

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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.