ProShares UltraShort Russell2000 (TWM) Declares Quarterly Dividend of $0.04
ProShares UltraShort Russell2000 (NYSEARCA:TWM) announced a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Shareholders of record on Thursday, March 21st will be given a dividend of 0.0364 per share on Wednesday, March 27th. This represents a $0.15 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, March 20th.
TWM traded up $0.01 during midday trading on Thursday, hitting $15.51. The company had a trading volume of 1,200 shares, compared to its average volume of 980,063. ProShares UltraShort Russell2000 has a twelve month low of $13.00 and a twelve month high of $23.55.
Separately, CIBC raised their price objective on shares of ProShares UltraShort Russell2000 from $2.00 to $2.10 in a research report on Tuesday, January 15th.
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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