ProShares UltraShort Russell2000 (TWM) PT Set at $2.40 by CIBC

ProShares UltraShort Russell2000 (TSXV:TWM) received a $2.40 price target from investment analysts at CIBC in a research note issued to investors on Thursday. CIBC’s price target would suggest a potential downside of 87.10% from the company’s current price.

ProShares UltraShort Russell2000 (TSXV TWM) opened at $18.60 on Thursday. ProShares UltraShort Russell2000 has a 12-month low of $18.09 and a 12-month high of $33.50.

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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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