(TWM) ProShares UltraShort - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (USA) | Market Cap: 51m USD | Total Return: -46.9% in 12m
Avg Turnover: 12.4M
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
ProShares UltraShort Russell2000 (TWM) is an inverse leveraged exchange-traded fund designed to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Russell 2000 Index. The fund achieves this objective by investing at least 80% of its assets in financial instruments, such as swap agreements and futures contracts, that provide short exposure to the small-cap segment of the U.S. equity market.
The underlying Russell 2000 Index serves as a common benchmark for the small-cap sector, tracking approximately 2,000 of the smallest securities in the Russell 3000 Index. Because TWM utilizes a leveraged inverse strategy, it is subject to compounding effects and daily rebalancing, which typically makes it more suitable for short-term tactical trading rather than long-term buy-and-hold investing.
Investors can evaluate how small-cap volatility impacts this strategy by reviewing the data available on ValueRay.
- Small-cap equity market volatility increases demand for inverse leveraged hedging instruments
- Rising interest rates pressure Russell 2000 valuations due to high debt sensitivity
- Broad market sell-offs accelerate gains through daily two-times inverse exposure resets
- Compounding tracking error reduces long-term returns during periods of sideways market movement
- Shifts in domestic economic growth expectations impact small-cap profitability and index performance
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.