ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Down 80.6% in June

ProShares UltraShort Technology (NYSEARCA:REW) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 1,081 shares, a drop of 80.6% from the May 31st total of 5,567 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 52,641 shares, the short-interest ratio is presently 0.0 days.

ProShares UltraShort Technology Trading Down 2.0%

REW opened at $12.13 on Friday. The business’s 50-day simple moving average is $14.19 and its 200-day simple moving average is $19.65. ProShares UltraShort Technology has a one year low of $11.03 and a one year high of $30.36.

Institutional Investors Weigh In On ProShares UltraShort Technology

An institutional investor recently bought a new stake in ProShares UltraShort Technology stock. CPR Investments Inc. acquired a new position in shares of ProShares UltraShort Technology (NYSEARCA:REW) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned 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.