ProShares UltraShort Technology (NYSEARCA:REW)’s share price were up 1% during mid-day trading on Tuesday . The company traded as high as $11.44 and last traded at $11.44, approximately 100 shares changed hands during trading. A decline of 98% from the average daily volume of 5,575 shares. The stock had previously closed at $11.33.
The company’s fifty day simple moving average is $12.84 and its 200 day simple moving average is $15.50.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a $0.0284 dividend. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.11 annualized dividend and a dividend yield of 1.00%.
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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