Shares of ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $11.07 and traded as high as $12.41. ProShares UltraShort Technology shares last traded at $12.13, with a volume of 214,695 shares traded.
ProShares UltraShort Technology Stock Up 9.9%
The company has a 50 day moving average of $11.07 and a two-hundred day moving average of $15.81.
About ProShares UltraShort Technology
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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