ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,081 shares, a decline of 80.6% from the May 31st total of 5,567 shares. Based on an average trading volume of 52,641 shares, the short-interest ratio is currently 0.0 days. Currently, 0.5% of the company’s shares are sold short.
ProShares UltraShort Technology Stock Performance
Shares of ProShares UltraShort Technology stock traded up $0.45 during trading on Friday, hitting $12.58. 21,450 shares of the stock traded hands, compared to its average volume of 28,397. The stock’s fifty day simple moving average is $14.06 and its 200 day simple moving average is $19.60. ProShares UltraShort Technology has a 52-week low of $11.03 and a 52-week high of $30.36.
Hedge Funds Weigh In On ProShares UltraShort Technology
An institutional investor recently bought a new position in ProShares UltraShort Technology stock. CPR Investments Inc. acquired a new position in ProShares UltraShort Technology (NYSEARCA:REW – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned approximately 2.34% of ProShares UltraShort Technology as of its most recent SEC filing.
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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