ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Update

ProShares UltraShort Technology (NYSEARCA:REW) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 58,320 shares, a growth of 49.6% from the August 31st total of 38,983 shares. Currently, 14.6% of the shares of the company are short sold. Based on an average daily trading volume, of 63,668 shares, the short-interest ratio is presently 0.9 days.

ProShares UltraShort Technology Stock Down 2.3%

ProShares UltraShort Technology stock traded down $0.23 during trading hours on Friday, hitting $9.88. The company had a trading volume of 24,434 shares, compared to its average volume of 31,836. ProShares UltraShort Technology has a one year low of $9.76 and a one year high of $27.67. The firm has a 50-day moving average of $11.61 and a 200 day moving average of $14.49.

Institutional Trading of ProShares UltraShort Technology

A hedge fund recently bought a new stake in ProShares UltraShort Technology stock. CPR Investments Inc. acquired a new stake in ProShares UltraShort Technology (NYSEARCA:REW) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

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.