ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Up 194.2% in August

ProShares UltraShort Technology (NYSEARCA:REW) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 31,684 shares, an increase of 194.2% from the July 30th total of 10,768 shares. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 0.9 days. Approximately 11.7% of the shares of the company are short sold.

ProShares UltraShort Technology Stock Down 6.4%

Shares of NYSEARCA:REW traded down $0.77 during trading on Thursday, hitting $11.21. 26,268 shares of the company traded hands, compared to its average volume of 29,032. The business’s fifty day moving average is $12.21 and its 200-day moving average is $16.67. ProShares UltraShort Technology has a one year low of $10.88 and a one year high of $28.88.

Institutional Inflows and Outflows

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 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

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.