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ProShares UltraShort Technology (NYSEARCA:REW - Get Free Report) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 10,257 shares, a decrease of 12.8% from the February 12th total of 11,763 shares. Based on an average daily volume of 43,386 shares, the short-interest ratio is presently 0.2
BETHESDA, Md.--(BUSINESS WIRE)--ProShares announced forward and reverse share splits on eleven of its ETFs.
We are bearish on all American bear market ETFs. Measuring the purchase levels of short ETFs replaces the old, odd lot and total short selling indicators so popular in the 1960s, 70s and 80s.
We have concerns like a worsening COVID situation in China, high inflation in the United States, slowdown fears both in the United States and Euro zone as well as looming rate hikes by the ECB.
Big technology stocks are facing their biggest rout in more than a decade. The S&P 500's information-technology sector has dropped 20% so far this year.
Technology stocks are in the midst of one of their worst declines in over a decade, and some warn that things could get worse before turning for the better. Anxious investors who are wary of another beating in the growth segment can turn to inverse or bearish exchange traded funds to hedge against further risks.
Investors have been jumping back into financial markets in the past week after weeks of losses sent many packing, but exchange traded fund investors shouldn't grow too complacent. According to Bank of America data, investors dumped $18.9 billion back into equities and $6.3 billion into bonds over the last week after weeks of outflows, Reuters [.
The technology sector was off to its worst start since the 2008 financial crisis due to inflationary pressure and Fed's hawkish tone.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.