ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Down 16.2% in January

ProShares UltraShort Technology (NYSEARCA:REW) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 3,886 shares, a decline of 16.2% from the January 15th total of 4,639 shares. Based on an average daily volume of 39,032 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.9% of the shares of the company are sold short. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 39,032 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of ProShares UltraShort Technology

An institutional investor recently bought a new position in ProShares UltraShort Technology stock. Benchmark Financial Wealth Advisors LLC bought a new stake in ProShares UltraShort Technology (NYSEARCA:REW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 as of its most recent SEC filing.

ProShares UltraShort Technology Stock Performance

Shares of ProShares UltraShort Technology stock opened at $11.59 on Monday. The firm has a fifty day simple moving average of $10.97 and a 200-day simple moving average of $11.78. ProShares UltraShort Technology has a 1-year low of $9.99 and a 1-year 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.