ProShares UltraShort Russell2000 (TWM) Receives “Buy” Rating from GMP Securities

GMP Securities reaffirmed their buy rating on shares of ProShares UltraShort Russell2000 (NYSEARCA:TWM) in a research report sent to investors on Tuesday, April 30th, AnalystRatings.com reports. The firm currently has a $2.00 target price on the stock.

Separately, CIBC increased their price target on shares of ProShares UltraShort Russell2000 from $2.00 to $2.10 in a research note on Tuesday, January 15th.

TWM stock opened at $15.49 on Tuesday. ProShares UltraShort Russell2000 has a fifty-two week low of $13.00 and a fifty-two week high of $23.55.

Several hedge funds have recently made changes to their positions in TWM. Jane Street Group LLC increased its position in shares of ProShares UltraShort Russell2000 by 209.2% in the first quarter. Jane Street Group LLC now owns 18,539 shares of the company’s stock valued at $287,000 after buying an additional 35,511 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in ProShares UltraShort Russell2000 during the 1st quarter worth about $443,000. Bank of Montreal Can purchased a new stake in ProShares UltraShort Russell2000 during the 1st quarter worth about $698,000. Morgan Stanley increased its position in ProShares UltraShort Russell2000 by 35.2% during the 1st quarter. Morgan Stanley now owns 47,363 shares of the company’s stock worth $735,000 after purchasing an additional 12,337 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in ProShares UltraShort Russell2000 during the 1st quarter worth about $1,271,000.

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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