TWMProShares UltraShort Russell2000
TWM Fund Description
TWM provides -2x inverse exposure to a market-cap weighted index of US small-cap companies.
TWM Factset Analytics Insight
TWM provides a 1-day, 2x inverse bet against the small-cap focused Russell 2000 that attracts enough daily liquidity to make it an effective trading tool. It's worth noting that financial firms make up a sizable chunk of the Russell 2000, and to a lesser extent so do tech, consumer cyclical, and industrial firms, so a bet against this index is partially a bet against those sectors. As with most geared inverse products, TWM is designed to provide its -2x exposure for one trading day, and anyone holding it for longer than a day will be exposed to the effects of compounding unless they monitor and rebalance their position frequently. The market for TWM is robust enough to allow for tactical use: the fund trades in large volumes with tiny spreads. TWM charges a high expense ratio, as many leveraged products do, but most investors won't realize those holding costs due TWM's nature as a short-term tactical option.
TWM Charts And Performance
TWM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TWM. TWM is rated a N/A out of 5.