ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,081 shares, a decrease of 80.6% from the May 31st total of 5,567 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,641 shares, the short-interest ratio is presently 0.0 days.
ProShares UltraShort Technology Stock Performance
REW opened at $12.13 on Friday. ProShares UltraShort Technology has a twelve month low of $11.03 and a twelve month high of $30.36. The firm’s 50-day moving average price is $14.19 and its 200 day moving average price is $19.65.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in ProShares UltraShort Technology stock. CPR Investments Inc. purchased a new stake in ProShares UltraShort Technology (NYSEARCA:REW – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned about 2.34% of ProShares UltraShort Technology as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares UltraShort Technology Company Profile
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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