ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares were up 6.1% during trading on Monday . The stock traded as high as $16.61 and last traded at $16.27, approximately 1,978,222 shares traded hands during trading. An increase of 98% from the average daily volume of 1,000,567 shares. The stock had previously closed at $15.34.
Separately, GMP Securities reaffirmed a “buy” rating and set a $2.00 price target on shares of ProShares UltraShort Russell2000 in a research report on Tuesday, April 30th.
The firm’s 50 day moving average is $14.92.
ProShares UltraShort Russell2000 Company Profile (NYSEARCA:TWM)
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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