ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report)’s share price fell 0.7% during trading on Monday . The stock traded as low as $11.14 and last traded at $11.41. 15,355 shares changed hands during trading, a decline of 46% from the average session volume of 28,462 shares. The stock had previously closed at $11.49.
ProShares UltraShort Technology Price Performance
The firm has a fifty day moving average of $14.71 and a 200 day moving average of $19.85.
Institutional Trading of ProShares UltraShort Technology
A hedge fund recently bought a new position in ProShares UltraShort Technology stock. CPR Investments Inc. purchased a new stake in shares of ProShares UltraShort Technology (NYSEARCA:REW – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned 2.34% of ProShares UltraShort Technology as of its most recent SEC filing.
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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