Choreo LLC Invests $261,000 in ProShares Short Russell2000 (NYSEARCA:RWM)

Choreo LLC bought a new stake in ProShares Short Russell2000 (NYSEARCA:RWM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 12,428 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in ProShares Short Russell2000 in the fourth quarter worth $3,982,000. One Plus One Wealth Management LLC purchased a new position in shares of ProShares Short Russell2000 in the 1st quarter worth about $2,178,000. All Season Financial Advisors Inc. purchased a new position in shares of ProShares Short Russell2000 in the 2nd quarter worth about $1,221,000. Dynamic Advisor Solutions LLC bought a new position in ProShares Short Russell2000 during the second quarter valued at about $808,000. Finally, Orion Portfolio Solutions LLC increased its holdings in ProShares Short Russell2000 by 1.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 33,190 shares of the company’s stock worth $714,000 after buying an additional 549 shares during the last quarter.

ProShares Short Russell2000 Price Performance

Shares of RWM stock opened at $19.37 on Thursday. ProShares Short Russell2000 has a 52 week low of $18.51 and a 52 week high of $26.55. The firm’s 50-day simple moving average is $19.73 and its two-hundred day simple moving average is $20.52.

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.