Short Interest in ProShares UltraShort Technology (NYSEARCA:REW) Rises By 66.5%

ProShares UltraShort Technology (NYSEARCA:REW) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 4,639 shares, a growth of 66.5% from the December 31st total of 2,786 shares. Based on an average daily volume of 31,799 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.1% of the company’s stock are short sold. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 31,799 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of ProShares UltraShort Technology

A hedge fund recently bought a new stake in ProShares UltraShort Technology stock. Benchmark Financial Wealth Advisors LLC acquired a new position in ProShares UltraShort Technology (NYSEARCA:REW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,776 shares of the company’s stock, valued at approximately $105,000. Benchmark Financial Wealth Advisors LLC owned approximately 2.82% of ProShares UltraShort Technology as of its most recent filing with the Securities and Exchange Commission.

ProShares UltraShort Technology Trading Up 4.0%

Shares of NYSEARCA REW opened at $11.00 on Monday. The firm’s 50 day moving average price is $10.96 and its 200-day moving average price is $11.96. ProShares UltraShort Technology has a 52-week low of $9.99 and a 52-week high of $34.44.

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.