ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Update

ProShares UltraShort Technology (NYSEARCA:REW) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,886 shares, a drop of 16.2% from the January 15th total of 4,639 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 39,032 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 39,032 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares UltraShort Technology

An institutional investor recently bought a new position in ProShares UltraShort Technology stock. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of ProShares UltraShort Technology (NYSEARCA:REW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,776 shares of the company’s stock, valued at approximately $105,000. Benchmark Financial Wealth Advisors LLC owned 2.82% of ProShares UltraShort Technology as of its most recent SEC filing.

ProShares UltraShort Technology Price Performance

Shares of REW traded down $0.38 on Wednesday, hitting $11.24. The company’s stock had a trading volume of 23,618 shares, compared to its average volume of 45,004. The firm’s fifty day moving average price is $11.01 and its 200-day moving average price is $11.75. ProShares UltraShort Technology has a fifty-two week low of $9.99 and a fifty-two week high of $34.44.

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.