Shares of ProShares UltraShort Technology (NYSEARCA:REW – Free Report) are set to reverse split on the morning of Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.
ProShares UltraShort Technology Price Performance
REW stock opened at $13.13 on Friday. ProShares UltraShort Technology has a twelve month low of $9.60 and a twelve month high of $27.67. The business’s 50-day simple moving average is $11.33 and its 200 day simple moving average is $15.38.
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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