ProShares UltraShort Russell2000 (TWM) Announces Special Dividend of $0.01
ProShares UltraShort Russell2000 (NYSEARCA:TWM) announced a special dividend on Tuesday, December 26th, Wall Street Journal reports. Investors of record on Wednesday, December 27th will be paid a dividend of 0.0084 per share on Thursday, January 4th. The ex-dividend date is Tuesday, December 26th.
Shares of ProShares UltraShort Russell2000 (NYSEARCA TWM) traded up $0.03 during trading on Wednesday, reaching $17.29. The company had a trading volume of 870,900 shares, compared to its average volume of 1,126,033. ProShares UltraShort Russell2000 has a twelve month low of $16.94 and a twelve month high of $24.26.
A number of analysts recently commented on TWM shares. CIBC set a $2.40 target price on ProShares UltraShort Russell2000 in a research report on Thursday, November 2nd. Royal Bank of Canada raised ProShares UltraShort Russell2000 to a “buy” rating and set a $2.00 target price for the company in a research report on Wednesday, November 15th. Finally, Scotiabank boosted their target price on ProShares UltraShort Russell2000 from $2.00 to $2.25 and gave the company an “outperform” rating in a research report on Thursday, December 7th.
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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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