ProShares UltraShort Russell2000 (TWM)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
21.50 USD
+0.60
(2.871%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 21.49 -0.01 (-0.010%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3:22 a.m. EDT
This instrument is a leveraged bear vehicle tracking the Russell 2000, and the data confirms a severe, multi-year structural decline. The underlying index has suffered three consecutive years of negative returns, dragging the fund's price down nearly 94% over the last nine years. While the fund pays a dividend, it is a mechanical yield generated by the compounding leverage of a collapsing asset class rather than a sustainable cash flow from a healthy business; the payout ratio is unsustainable as the share count shrinks while the parent asset erodes. Short-term momentum remains weak, trading well below its 200-day average, though the options market shows a slight speculative lean toward a temporary rebound. However, the statistical forecast is unreliable, and the long-term trajectory is unequivocally negative. This is not a value opportunity; it is a continuation of a decade-long downtrend. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.021707 |
| AutoARIMA | 0.022608 |
| MSTL | 0.032408 |
| AutoTheta | 0.046484 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 53% |
| H-stat | 0.80 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.574 |
| Excess Kurtosis | -0.66 |
| Attribute | Value |
|---|---|
| Forward P/E | 268.75 |
As of Aug. 22, 2026, 3:22 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in deep out-of-the-money puts (strikes 34 and 38) and significant volume in lower strikes (19). Conversely, call activity is sparse and concentrated near the money, with notable volume at strikes 23 and 24 suggesting a speculative bid for a bounce, but the overwhelming weight of capital is on the left side of the distribution.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.12% | 4.07% | 4.79% | 3.16% |
| Date | Dividend | Yield % |
|---|---|---|
| 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 | 21.49 |
| Ask Size | 3,000 |
| Average Daily Volume10 Day | 518,060 |
| Average Daily Volume3 Month | 558,979 |
| Average Volume | 558,979 |
| Average Volume10Days | 518,060 |
| Beta3 Year | -2.43 |
| Bid | 21.49 |
| Bid Size | 3,200 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 21.5 |
| Day Low | 20.84 |
| Dividend Yield | 5.31 |
| 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 | 21.232 |
| Fifty Day Average Change | 0.26799965 |
| Fifty Day Average Change Percent | 0.01262244 |
| Fifty Two Week Change Percent | -43.160183 |
| Fifty Two Week High | 37.66 |
| Fifty Two Week High Change | -16.16 |
| Fifty Two Week High Change Percent | -0.42910248 |
| Fifty Two Week Low | 20.16 |
| Fifty Two Week Low Change | 1.3400002 |
| Fifty Two Week Low Change Percent | 0.06646826 |
| Fifty Two Week Range | 20.16 - 37.66 |
| First Trade Date Milliseconds | 1,169,735,400,000 |
| Five Year Average Return | -0.18139 |
| Forward P E | 268.75 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.6 |
| Fullday Change Percent | 2.87082 |
| Fullday Price | 21.49 |
| 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 | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_32335989 |
| Nav Price | 21.0364 |
| Net Assets | 44,288,516.0 |
| Net Expense Ratio | 0.95 |
| Open | 20.91 |
| Post Market Change | -0.010000229 |
| Post Market Change Percent | -0.046512693 |
| Post Market Price | 21.49 |
| Post Market Time | 1,787,959,805 |
| Previous Close | 20.9 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.6 |
| Regular Market Change Percent | 2.87082 |
| Regular Market Day High | 21.5 |
| Regular Market Day Low | 20.84 |
| Regular Market Day Range | 20.84 - 21.5 |
| Regular Market Open | 20.91 |
| Regular Market Previous Close | 20.9 |
| Regular Market Price | 21.5 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 625,175 |
| Short Name | ProShares UltraShort Russell200 |
| Source Interval | 15 |
| Symbol | TWM |
| Three Year Average Return | -0.3082014 |
| Total Assets | 44,288,516 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -9.20334 |
| Trailing Three Month Returns | -9.20334 |
| Triggerable | 1 |
| Two Hundred Day Average | 26.5987 |
| Two Hundred Day Average Change | -5.0986996 |
| Two Hundred Day Average Change Percent | -0.1916898 |
| Type Disp | ETF |
| Volume | 625,175 |
| Yield | 0.0531 |
| Ytd Return | -29.75915 |