ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 31,684 shares, a growth of 194.2% from the July 30th total of 10,768 shares. Based on an average daily volume of 34,500 shares, the short-interest ratio is currently 0.9 days. Approximately 11.7% of the company’s stock are short sold.
Institutional Trading of ProShares UltraShort Technology
An institutional investor recently bought a new stake in ProShares UltraShort Technology stock. CPR Investments Inc. purchased a new position in shares of ProShares UltraShort Technology (NYSEARCA:REW – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.
ProShares UltraShort Technology Trading Up 3.2%
Shares of NYSEARCA REW traded up $0.36 during trading hours on Friday, hitting $11.57. The stock had a trading volume of 83,004 shares, compared to its average volume of 29,360. The firm’s 50-day moving average price is $12.21 and its two-hundred day moving average price is $16.56. ProShares UltraShort Technology has a 52 week low of $10.88 and a 52 week high of $28.88.
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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