GMP Securities Reiterates Buy Rating for ProShares UltraShort Russell2000 (TWM)
ProShares UltraShort Russell2000 (NYSEARCA:TWM)‘s stock had its “buy” rating reissued by analysts at GMP Securities in a research report issued to clients and investors on Tuesday. They currently have a $2.25 price target on the stock. GMP Securities’ target price suggests a potential downside of 85.82% from the company’s current price.
Separately, CIBC upped their target price on ProShares UltraShort Russell2000 from $2.00 to $2.10 in a research report on Tuesday, January 15th.
NYSEARCA TWM opened at $15.87 on Tuesday. ProShares UltraShort Russell2000 has a 1 year low of $13.00 and a 1 year high of $23.55.
ProShares UltraShort Russell2000 Company Profile
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.
Further Reading: How to Invest in the Dividend Aristocrat Index
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