Shares of ProShares UltraShort Technology (NYSEARCA:REW – Free Report) are scheduled to reverse split before the market opens on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 27th.
ProShares UltraShort Technology Price Performance
REW traded up $0.20 during trading on Tuesday, hitting $7.11. The stock had a trading volume of 57,623 shares, compared to its average volume of 54,731. ProShares UltraShort Technology has a twelve month low of $6.88 and a twelve month high of $18.82. The stock has a 50 day simple moving average of $10.68 and a two-hundred day simple moving average of $10.94.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares UltraShort Technology stock. CPR Investments Inc. purchased a new position in ProShares UltraShort Technology (NYSEARCA:REW – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned about 2.34% of ProShares UltraShort Technology at the end of the most recent quarter.
ProShares UltraShort Technology Company Profile
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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