ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 20,491 shares, a decline of 64.9% from the September 15th total of 58,320 shares. Based on an average daily trading volume, of 40,902 shares, the days-to-cover ratio is presently 0.5 days. Currently, 5.4% of the company’s stock are sold short.
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 – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 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 Price Performance
NYSEARCA:REW remained flat at $10.28 on Tuesday. 23,645 shares of the company’s stock were exchanged, compared to its average volume of 32,325. The stock’s 50-day moving average price is $11.10 and its 200-day moving average price is $13.72. ProShares UltraShort Technology has a one year low of $9.60 and a one year high of $27.67.
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.
See Also
- Five stocks we like better than ProShares UltraShort Technology
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Receive News & Ratings for ProShares UltraShort Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Technology and related companies with MarketBeat.com's FREE daily email newsletter.
