ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 58,320 shares, a growth of 49.6% from the August 31st total of 38,983 shares. Currently, 14.6% of the company’s stock are sold short. Based on an average trading volume of 63,668 shares, the short-interest ratio is presently 0.9 days.
ProShares UltraShort Technology Price Performance
NYSEARCA REW traded down $0.21 during trading on Thursday, reaching $10.11. 15,229 shares of the company’s stock were exchanged, compared to its average volume of 31,884. The business has a 50 day moving average price of $11.66 and a 200-day moving average price of $14.59. ProShares UltraShort Technology has a fifty-two week low of $10.07 and a fifty-two week high of $27.67.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in ProShares UltraShort Technology stock. CPR Investments Inc. bought a new stake in ProShares UltraShort Technology (NYSEARCA:REW – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 SEC filing.
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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