LPL Financial LLC Grows Stock Position in ProShares Short Russell2000 $RWM

LPL Financial LLC raised its holdings in ProShares Short Russell2000 (NYSEARCA:RWM) by 342.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,171 shares of the company’s stock after acquiring an additional 74,419 shares during the period. LPL Financial LLC owned approximately 1.04% of ProShares Short Russell2000 worth $1,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of ProShares Short Russell2000 by 9.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 79,337 shares of the company’s stock valued at $1,646,000 after buying an additional 6,681 shares during the period. Resonant Capital Advisors LLC acquired a new stake in ProShares Short Russell2000 in the first quarter valued at approximately $227,000. Mutual Advisors LLC purchased a new position in ProShares Short Russell2000 in the first quarter worth approximately $249,000. Total Wealth Planning & Management Inc. purchased a new position in ProShares Short Russell2000 in the fourth quarter worth approximately $301,000. Finally, Envestnet Asset Management Inc. grew its holdings in ProShares Short Russell2000 by 32.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 73,923 shares of the company’s stock worth $1,534,000 after acquiring an additional 17,940 shares in the last quarter.

ProShares Short Russell2000 Trading Up 0.8%

RWM opened at $18.05 on Wednesday. ProShares Short Russell2000 has a one year low of $17.14 and a one year high of $23.99. The business’s 50-day simple moving average is $18.58 and its 200-day simple moving average is $19.68.

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.