ProShares UltraShort Russell2000 (TWM)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
24.43 USD
+0.21
(0.867%)
⇧
(Oct. 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 10:46 a.m. EDT
This instrument is a leveraged bearish bet on small-cap equities, and the data confirms a severe structural failure in the underlying asset class it targets. Over the last nine years, the price has collapsed by nearly 94%, driven by seven consecutive years of negative annual performance ending with a third straight year of decline. This multi-year trajectory is not a temporary correction; it represents a fundamental deterioration where the market has consistently reassessed the business quality of the Russell 2000 as poor. While the fund pays a yield, it is a distribution of eroding capital rather than a sign of strength, as the payout ratio is unsustainable given the asset's inability to generate real growth. Short-term momentum is neutral, offering no clear edge for a directional trade, but the long-term outlook remains dire due to the persistent underperformance of the small-cap sector. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.035890 |
| AutoARIMA | 0.036575 |
| MSTL | 0.036885 |
| AutoTheta | 0.047050 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 1.71 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.302 |
| Excess Kurtosis | -0.96 |
| Attribute | Value |
|---|---|
| Forward P/E | 305.38 |
As of Oct. 10, 2026, 10:46 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 34 and 38) compared to negligible call activity beyond the money. The implied volatility skew is extreme, with deep puts trading at significantly higher IV than calls, indicating a market consensus that a sharp drop in the underlying Russell 2000 index is the primary risk scenario. Call volume is concentrated near the money or in-the-money, suggesting hedging rather than bullish speculation.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.76% | 3.57% | 4.76% | 3.31% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-23 | 0.178 | 0.761009 |
| 2026-06-24 | 0.238 | 1.122641 |
| 2026-03-25 | 0.145 | 0.480132 |
| 2025-12-24 | 0.367 | 1.210422 |
| 2025-09-24 | 0.425 | 1.252948 |
| 2025-06-25 | 0.506 | 1.131738 |
| 2025-03-26 | 0.418 | 0.824620 |
| 2024-12-23 | 0.791 | 1.792025 |
| 2024-09-25 | 0.850 | 1.808511 |
| 2024-06-26 | 0.690 | 1.195841 |
| 2024-03-20 | 0.430 | 0.784672 |
| 2023-12-20 | 1.170 | 1.922761 |
| 2023-09-20 | 0.635 | 0.837731 |
| 2023-06-21 | 0.590 | 0.824022 |
| 2023-03-22 | 0.355 | 0.420865 |
| 2022-12-22 | 0.145 | 0.173134 |
| 2020-03-25 | 0.420 | 0.097538 |
| 2019-12-24 | 0.740 | 0.298387 |
| 2019-09-25 | 0.980 | 0.334015 |
| 2019-06-25 | 1.280 | 0.409207 |
| 2019-03-20 | 0.720 | 0.232258 |
| 2018-12-26 | 1.180 | 0.278302 |
| 2018-09-26 | 0.720 | 0.261818 |
| 2018-06-20 | 0.620 | 0.227273 |
| 2018-03-21 | 0.480 | 0.148148 |
| 2017-12-26 | 0.160 | 0.046350 |
| 2008-12-23 | 8023.680 | 34.926869 |
| 2008-09-24 | 64.960 | 0.290956 |
| 2008-06-24 | 55.040 | 0.228480 |
| 2008-03-25 | 81.280 | 0.325016 |
| 2007-12-20 | 140.480 | 0.632747 |
| 2007-09-25 | 152.320 | 0.719033 |
| 2007-06-26 | 154.880 | 0.748647 |
| Attribute | Value |
|---|---|
| All Time High | 57,804.8 |
| All Time Low | 9.53 |
| Ask | 0.0 |
| Ask Size | 6,600 |
| Average Daily Volume10 Day | 898,740 |
| Average Daily Volume3 Month | 705,384 |
| Average Volume | 705,384 |
| Average Volume10Days | 898,740 |
| Beta3 Year | -2.43 |
| Bid | 0.0 |
| Bid Size | 5,600 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 24.605 |
| Day Low | 24.09 |
| Display Name | UltraShort Russell2000 |
| Dividend Yield | 3.84 |
| Eps Forward | 0.08 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 22.172 |
| Fifty Day Average Change | 2.2579994 |
| Fifty Day Average Change Percent | 0.10184013 |
| Fifty Two Week Change Percent | -23.23296 |
| Fifty Two Week High | 37.66 |
| Fifty Two Week High Change | -13.23 |
| Fifty Two Week High Change Percent | -0.3513011 |
| Fifty Two Week Low | 20.16 |
| Fifty Two Week Low Change | 4.2700005 |
| Fifty Two Week Low Change Percent | 0.21180558 |
| Fifty Two Week Range | 20.16 - 37.66 |
| First Trade Date Milliseconds | 1,169,735,400,000 |
| Five Year Average Return | -0.1596167 |
| Forward P E | 305.375 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.1800003 |
| Fullday Change Percent | 0.74318874 |
| Fullday Price | 24.25 |
| Fund Family | ProShares |
| Fund Inception Date | 1,169,510,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of the small-cap segment of the U.S. markets. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified. |
| Long Name | ProShares UltraShort Russell2000 |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_32335989 |
| Nav Price | 24.2468 |
| Net Assets | 66,484,356.0 |
| Net Expense Ratio | 0.95 |
| Open | 24.25 |
| Pre Market Change | -0.1800003 |
| Pre Market Change Percent | -0.73680025 |
| Pre Market Price | 24.25 |
| Pre Market Time | 1,791,967,024 |
| Previous Close | 24.22 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.210001 |
| Regular Market Change Percent | 0.867056 |
| Regular Market Day High | 24.605 |
| Regular Market Day Low | 24.09 |
| Regular Market Day Range | 24.09 - 24.605 |
| Regular Market Open | 24.25 |
| Regular Market Previous Close | 24.22 |
| Regular Market Price | 24.43 |
| Regular Market Time | 1,791,921,600 |
| Regular Market Volume | 1,157,910 |
| Short Name | ProShares UltraShort Russell200 |
| Source Interval | 15 |
| Symbol | TWM |
| Three Year Average Return | -0.3036201 |
| Total Assets | 66,484,356 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 17.59977 |
| Trailing Three Month Returns | 17.59977 |
| Triggerable | 1 |
| Two Hundred Day Average | 25.0982 |
| Two Hundred Day Average Change | -0.66819954 |
| Two Hundred Day Average Change Percent | -0.026623406 |
| Type Disp | ETF |
| Volume | 1,157,910 |
| Yield | 0.038399998 |
| Ytd Return | -22.70144 |