Short Interest in ProShares UltraShort Technology (NYSEARCA:REW) Drops By 80.6%

Posted by James Quigley on Jun 27th, 2026

ProShares UltraShort Technology (NYSEARCA:REW – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,081 shares, a decline of 80.6% from the May 31st total of 5,567 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 52,641 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares UltraShort Technology

A hedge fund recently bought a new position in ProShares UltraShort Technology stock. CPR Investments Inc. purchased a new position in shares of ProShares UltraShort Technology (NYSEARCA:REW – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,075 shares of the company’s stock, valued at approximately $126,000. CPR Investments Inc. owned 2.34% of ProShares UltraShort Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Technology Stock Up 3.7%

Shares of REW traded up $0.45 during midday trading on Friday, reaching $12.58. 21,450 shares of the stock were exchanged, compared to its average volume of 28,397. The business’s 50-day moving average price is $14.06 and its 200 day moving average price is $19.60. ProShares UltraShort Technology has a twelve month low of $11.03 and a twelve month high of $30.36.

ProShares UltraShort Technology Company Profile

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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.