TWM
UltraShort Russell2000
Investment Objective
ProShares UltraShort Russell2000 seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Russell 2000® Index.
Documents & Downloads
You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)
Performance
Daily Return during Q4 2023
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| TWM Market Price | 15.25% | 46.18% | 13.32% | 10.71% | 18.85% | -18.61% | -22.72% | -21.75% | -26.41% | 01/23/2007 |
| TWM NAV | 15.36% | 46.09% | 13.51% | 10.73% | 18.57% | -18.67% | -22.73% | -21.76% | -26.41% | 01/23/2007 |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| TWM Market Price | 13.49% | 12.67% | 2.39% | -3.93% | -18.05% | -23.80% | -21.54% | -23.30% | -27.15% | 01/23/2007 |
| TWM NAV | 13.44% | 12.77% | 2.32% | -4.01% | -18.22% | -23.89% | -21.59% | -23.32% | -27.15% | 01/23/2007 |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker TWM
- Intraday Ticker TWM.IV
- CUSIP 74347G689
- Inception Date 1/23/07
- Gross Expense Ratio 1.07%
- Net Expense Ratio 0.95%*
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Price
as of 12/05/2023- NAV $14.24
- NAV Change $+0.39
- Market Price $14.22
- Market Price Change $+0.36
- Trading Volume (M) 1,889,419
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Snapshot
- Ticker TWM
- Intraday Ticker TWM.IV
- CUSIP 74347G689
- Inception Date 1/23/07
- Expense Ratio 0.95%*
- Gross Expense Ratio 1.07%
- NAV Calculation Time 4:00 p.m. ET
- Distributions Quarterly
Price
as of 12/05/2023- NAV $14.24
- NAV Change $+0.39
- Market Price $14.22
- Market Price Change $+0.36
- Trading Volume (M) 1,889,419
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
The expense ratio above has a contractual waiver ending 9/30/24.
Exposures
Index as of 9/29/2023
Holdings
as of 12/05/2023
| Exposure Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| -- | -- | TREASURY BILL | -- | $24,970,867.25 | 25,000,000 | BRXDCV9 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $54,981,434.05 | 54,981,434 | -- |
| -1.65% | -- | RUSSELL 2000 INDEX SWAP GOLDMAN SACHS INTERNATIONAL | -1,315,932 | -- | -709 | -- |
| -3.14% | -- | E-MINI RUSS 2000 EQUITY INDEX 15/DEC/2023 RTYZ3 INDEX | -2,510,730 | -- | -27 | -- |
| -7.66% | -- | RUSSELL 2000 INDEX SWAP BNP PARIBAS | -6,124,932 | -- | -3,300 | -- |
| -12.66% | -- | RUSSELL 2000 INDEX SWAP CITIBANK NA | -10,124,698 | -- | -5,455 | -- |
| -20.83% | -- | RUSSELL 2000 INDEX SWAP BANK OF AMERICA NA | -16,650,535 | -- | -8,971 | -- |
| -21.58% | -- | RUSSELL 2000 INDEX SWAP BARCLAYS CAPITAL CITIBANK NA | -17,250,036 | -- | -9,294 | -- |
| -26.77% | -- | ISHARES RUSSELL 2000 (IWM) SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC | -21,406,218 | -- | -8,446 | -- |
| -27.72% | -- | RUSSELL 2000 INDEX SWAP UBS AG | -22,164,561 | -- | -11,942 | -- |
| -29.53% | -- | RUSSELL 2000 INDEX SWAP SOCIETE GENERALE | -23,606,973 | -- | -12,719 | -- |
| -48.45% | -- | RUSSELL 2000 INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC | -38,735,555 | -- | -20,870 | -- |
Index
as of 9/29/2023
- Total Number of Companies1985
- Price/Earnings Ratio13.007
- Price/Book Ratio1.856
- Dividend Yield ( % )1.75
- Avg. Index Market Capitalization$1.38 billion
About the Index
The Russell 2000® Index consists of 2,000 of the smallest U.S.-domiciled, publicly traded common stocks included in the Russell 3000 Index.
Distributions
For
- 2023
- 2022
- 2020
- 2019
- 2018
- 2017
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|