ProShares UltraShort Russell2000 (NYSEARCA:TWM) shares fell 0.8% during trading on Tuesday . The stock traded as low as $12.29 and last traded at $12.41, 8,160 shares were traded during mid-day trading. A decline of 99% from the average session volume of 579,838 shares. The stock had previously closed at $12.51.
The stock has a fifty day moving average of $12.81 and a 200-day moving average of $14.43.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were issued a $0.0367 dividend. The ex-dividend date was Tuesday, December 24th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from ProShares UltraShort Russell2000’s previous quarterly dividend of $0.04.
About ProShares UltraShort Russell2000 (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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