Short Interest in ProShares UltraShort Technology (NYSEARCA:REW) Decreases By 49.5%

ProShares UltraShort Technology (NYSEARCA:REW) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10,768 shares, a decrease of 49.5% from the July 15th total of 21,308 shares. Based on an average daily volume of 41,963 shares, the days-to-cover ratio is presently 0.3 days. Approximately 4.0% of the shares of the stock are short sold.

Institutional Trading of ProShares UltraShort Technology

A hedge fund recently bought a new stake in ProShares UltraShort Technology stock. CPR Investments Inc. bought a new stake in ProShares UltraShort Technology (NYSEARCA:REW) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned about 2.34% of ProShares UltraShort Technology at the end of the most recent quarter.

ProShares UltraShort Technology Trading Up 0.7%

REW stock traded up $0.08 during trading on Friday, hitting $11.10. 6,803 shares of the stock traded hands, compared to its average volume of 29,506. ProShares UltraShort Technology has a one year low of $10.88 and a one year high of $29.00. The company has a 50 day simple moving average of $12.32 and a 200 day simple moving average of $17.25.

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.