ProShares UltraShort Russell2000 (TWM) PT Raised to $2.25
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.
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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