(TWM) ProShares UltraShort - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE (USA) | Market Cap: 51m USD | Total Return: -46.9% in 12m
Avg Turnover: 12.4M
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
TWM is an inverse leveraged exchange-traded fund designed to deliver twice the inverse (-2x) daily performance of the Russell 2000 Index. The fund primarily utilizes financial derivatives, such as swap agreements and futures contracts, to achieve short exposure to the U.S. small-cap equity market. Small-cap stocks typically exhibit higher volatility and greater sensitivity to domestic economic cycles compared to large-cap equities.
The funds strategy is intended for short-term trading rather than long-term investment due to the effects of daily compounding and volatility decay, which can cause performance to deviate significantly from the target over extended periods. As a non-diversified inverse vehicle, it serves as a tactical tool for hedging or speculating on downward movements in the Russell 2000. Investors can evaluate historical performance trends and risk metrics for this ETF on ValueRay. Because the fund resets its leverage daily, it requires active monitoring to manage exposure effectively.
- Small-cap equity valuations decline amid rising interest rates
- Russell 2000 index volatility increases daily fund leverage decay
- Tightening credit conditions pressure highly-leveraged small-cap balance sheets
- U.S. economic contraction signals drive short-interest demand for small-caps
As of June 07, 2026, the stock is trading at USD 23.91 with a total of 921,235 shares traded.
Over the past week, the price has changed by +5.84%,
over one month by +0.21%,
over three months by -18.24% and
over the past year by -46.89%.
ProShares UltraShort has no consensus analysts rating.