ProShares UltraShort Technology (NYSEARCA:REW) Trading 0.9% Higher
ProShares UltraShort Technology (NYSEARCA:REW) traded up 0.9% on Tuesday . The company traded as high as $16.08 and last traded at $16.08, 100 shares changed hands during mid-day trading. A decline of 99% from the average session volume of 8,977 shares. The stock had previously closed at $15.93.
The firm’s 50 day moving average price is $17.52.
An institutional investor recently bought a new position in ProShares UltraShort Technology stock. Jane Street Group LLC bought a new stake in ProShares UltraShort Technology (NYSEARCA:REW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 29,575 shares of the company’s stock, valued at approximately $436,000. Jane Street Group LLC owned about 7.82% of ProShares UltraShort Technology at the end of the most recent quarter.
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.
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