Short Interest in ProShares UltraShort Technology (NYSEARCA:REW) Decreases By 28.3%

ProShares UltraShort Technology (NYSEARCA:REW) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,300 shares, a decrease of 28.3% from the September 15th total of 6,000 shares. Based on an average trading volume of 43,100 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 43,100 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ProShares UltraShort Technology

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

ProShares UltraShort Technology Stock Down 2.6%

Shares of NYSEARCA:REW opened at $5.59 on Friday. The company has a 50-day moving average price of $6.29 and a 200-day moving average price of $8.00. ProShares UltraShort Technology has a 12 month low of $5.55 and a 12 month high of $17.22.

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.