ProShares UltraShort Technology (NYSEARCA:REW) Sees Significant Decrease in Short Interest

ProShares UltraShort Technology (NYSEARCA:REW) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 10,257 shares, a decrease of 12.8% from the February 12th total of 11,763 shares. Based on an average daily volume of 43,386 shares, the short-interest ratio is presently 0.2 days. Approximately 2.4% of the company’s shares are sold short. Approximately 2.4% of the company’s shares are sold short. Based on an average daily volume of 43,386 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On ProShares UltraShort Technology

A hedge fund recently bought a new stake in ProShares UltraShort Technology stock. Benchmark Financial Wealth Advisors LLC bought a new stake in ProShares UltraShort Technology (NYSEARCA:REW) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 17,776 shares of the company’s stock, valued at approximately $105,000. Benchmark Financial Wealth Advisors LLC owned approximately 2.82% of ProShares UltraShort Technology at the end of the most recent reporting period.

ProShares UltraShort Technology Stock Performance

REW opened at $11.82 on Thursday. ProShares UltraShort Technology has a 52 week low of $9.99 and a 52 week high of $34.44. The business has a fifty day simple moving average of $11.28 and a 200-day simple moving average of $11.46.

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.