ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Update

ProShares UltraShort Technology (NYSEARCA:REW) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 40,775 shares, a growth of 1,435.8% from the April 15th total of 2,655 shares. Based on an average daily trading volume, of 56,056 shares, the short-interest ratio is currently 0.7 days. Currently, 9.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares UltraShort Technology stock. CPR Investments Inc. bought a new stake in shares of ProShares UltraShort Technology (NYSEARCA:REW) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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 Trading Down 2.5%

Shares of NYSEARCA:REW opened at $6.91 on Tuesday. ProShares UltraShort Technology has a 1 year low of $6.88 and a 1 year high of $18.98. The business’s 50 day moving average price is $10.68 and its 200-day moving average price is $10.94.

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.