ProShares UltraShort Russell2000 (TWM) Given New $2.45 Price Target at CIBC

ProShares UltraShort Russell2000 (NYSEARCA:TWM) had its target price raised by CIBC from $2.40 to $2.45 in a report published on Thursday morning.

Other equities research analysts also recently issued reports about the company. Scotiabank lifted their price objective on ProShares UltraShort Russell2000 from $2.00 to $2.25 and gave the stock an outperform rating in a report on Thursday, December 7th. Royal Bank of Canada upgraded ProShares UltraShort Russell2000 to a buy rating and set a $2.00 price objective for the company in a report on Wednesday, November 15th.

Shares of ProShares UltraShort Russell2000 (TWM) traded down $0.14 during trading hours on Thursday, hitting $16.22. The stock had a trading volume of 187,080 shares. ProShares UltraShort Russell2000 has a 1 year low of $16.08 and a 1 year high of $24.26.

The business also recently disclosed a special dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were given a dividend of $0.0084 per share. The ex-dividend date of this dividend was Tuesday, December 26th.

An institutional investor recently bought a new position in ProShares UltraShort Russell2000 stock. Simplex Trading LLC acquired a new stake in shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 8,569 shares of the company’s stock, valued at approximately $149,000. Simplex Trading LLC owned approximately 0.13% of ProShares UltraShort Russell2000 as of its most recent SEC filing.

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ProShares UltraShort Russell2000 Company Profile

ProShares UltraShort Russell2000 (the Fund) seeks daily investment results that correspond to twice (200%) 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.

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