ProShares UltraShort Russell2000 (NYSEARCA:TWM) had its target price hoisted by stock analysts at Scotiabank from $2.00 to $2.25 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential downside of 87.42% from the company’s previous close.

Several other brokerages have also recently commented on TWM. Royal Bank Of Canada raised ProShares UltraShort Russell2000 to a “buy” rating and set a $2.00 target price on the stock in a report on Wednesday, November 15th. CIBC set a $2.40 target price on ProShares UltraShort Russell2000 in a report on Thursday, November 2nd.

Shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) traded down $0.24 during trading hours on Thursday, reaching $17.89. The company had a trading volume of 991,600 shares, compared to its average volume of 1,137,933. ProShares UltraShort Russell2000 has a 1 year low of $16.94 and a 1 year high of $24.27.

ILLEGAL ACTIVITY WARNING: “ProShares UltraShort Russell2000 (TWM) PT Raised to $2.25” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/12/07/proshares-ultrashort-russell2000-twm-pt-raised-to-2-25.html.

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.

Receive News & Ratings for ProShares UltraShort Russell2000 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Russell2000 and related companies with MarketBeat.com's FREE daily email newsletter.