ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares traded up 5.5% on Wednesday . The company traded as high as $16.69 and last traded at $16.60, 1,417,985 shares traded hands during mid-day trading. An increase of 41% from the average session volume of 1,003,453 shares. The stock had previously closed at $15.73.
Separately, GMP Securities reaffirmed a “buy” rating and issued a $2.00 target price on shares of ProShares UltraShort Russell2000 in a research note on Tuesday, April 30th.
The stock’s 50 day moving average is $15.05.
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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