ProShares UltraShort Technology (NYSEARCA:REW) Short Interest Update

ProShares UltraShort Technology (NYSEARCA:REW) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 2,786 shares, a decline of 86.0% from the December 15th total of 19,835 shares. Based on an average daily trading volume, of 24,689 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 24,689 shares, the days-to-cover ratio is currently 0.1 days.

ProShares UltraShort Technology Trading Down 0.8%

Shares of REW traded down $0.09 on Monday, reaching $10.60. 6,099 shares of the company’s stock were exchanged, compared to its average volume of 35,085. The business has a 50 day moving average price of $11.13 and a two-hundred day moving average price of $12.32. ProShares UltraShort Technology has a 12 month low of $9.99 and a 12 month high of $34.44.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraShort Technology stock. Benchmark Financial Wealth Advisors LLC purchased a new position in ProShares UltraShort Technology (NYSEARCA:REW) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,776 shares of the company’s stock, valued at approximately $105,000. Benchmark Financial Wealth Advisors LLC owned about 2.82% of ProShares UltraShort Technology as of its most recent SEC filing.

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.