CIBC Raises ProShares UltraShort Russell2000 (NYSEARCA:TWM) Price Target to $2.45

ProShares UltraShort Russell2000 (NYSEARCA:TWM) had its price target boosted by equities researchers at CIBC from $2.40 to $2.45 in a research note issued to investors on Thursday, January 11th. CIBC’s price target suggests a potential downside of 85.90% from the company’s previous close.

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

ProShares UltraShort Russell2000 (NYSEARCA:TWM) traded up $0.26 during trading hours on Thursday, hitting $17.38. The stock had a trading volume of 256,642 shares, compared to its average volume of 907,748. ProShares UltraShort Russell2000 has a 12 month low of $15.71 and a 12 month high of $24.13.

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

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About ProShares UltraShort Russell2000

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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