ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Update

by · The Markets Daily

ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 58,320 shares, an increase of 49.6% from the August 31st total of 38,983 shares. Based on an average daily volume of 63,668 shares, the short-interest ratio is presently 0.9 days. Approximately 14.6% of the company’s stock are sold short.

Institutional Trading of ProShares UltraShort Technology

A hedge fund recently bought a new stake in ProShares UltraShort Technology stock. CPR Investments Inc. purchased a new position in shares of ProShares UltraShort Technology (NYSEARCA:REW – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned 2.34% of ProShares UltraShort Technology as of its most recent filing with the SEC.

ProShares UltraShort Technology Stock Performance

REW stock traded down $0.21 during midday trading on Thursday, reaching $10.11. 15,229 shares of the company’s stock traded hands, compared to its average volume of 31,884. ProShares UltraShort Technology has a 52 week low of $10.07 and a 52 week high of $27.67. The firm’s fifty day moving average price is $11.66 and its 200-day moving average price is $14.59.

ProShares UltraShort Technology Company Profile

(Get Free Report)

ProShares UltraShort Technology (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology industry of the United States equity market. Component companies include those involved in computers and office equipment, software, communications technology, semiconductors, diversified technology services and Internet services. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the Index.

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