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.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HRT Financial LLC purchased a new stake in shares of ProShares UltraShort Russell2000 during the 3rd quarter worth about $236,000. Wealthsource Partners LLC boosted its stake in shares of ProShares UltraShort Russell2000 by 335.9% during the 3rd quarter. Wealthsource Partners LLC now owns 57,100 shares of the company’s stock worth $779,000 after acquiring an additional 44,000 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of ProShares UltraShort Russell2000 by 22.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 121,763 shares of the company’s stock worth $1,662,000 after acquiring an additional 22,217 shares in the last quarter. Finally, David R. Rahn & Associates Inc. purchased a new stake in shares of ProShares UltraShort Russell2000 during the 4th quarter worth about $1,768,000.

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.

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