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About ProShares UltraShort Technology
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Inception date
Jan 30, 2007
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
REW aims to offer investors a means of playing out their bearish bets on the technology sector. The fund provides 2x leveraged inverse exposure to the S&P Technology Select Sector Indexa market-cap-weighted index of US tech companies as classified by S&P Dow Jones. The fund typically includes companies engaged in IT services, software, communications equipment, technology, hardware, storage & peripherals, electronic equipment, instruments, & components, and semiconductors & semiconductor equipment. As a geared product with daily resets, REW is designed to be a short-term trading vehiclenot a long-term investment. As a result, the funds long-term returns are difficult to predict due to compounding and path dependency. Prior to March 20, 2023, the fund provided exposure to the Dow Jones U.S. Technology Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Cash
Bonds, Cash & Other100.00%
Government88.37%
Cash11.63%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
REW last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.17 USD in dividends, which shows a 72.26% decrease.
REW assets under management is 4.14 M USD. It's fallen 22.98% over the last month.
REW fund flows account for 1.68 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, REW pays dividends to its holders with the dividend yield of 6.43%. The last dividend (Apr 1, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
REW shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Jan 30, 2007, and its management style is Passive.
REW expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
REW follows the S&P Technology Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
REW invests in bonds.
REW price has fallen by −32.16% over the last month, and its yearly performance shows a −30.17% decrease. See more dynamics on REW price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −33.65% over the last month, showed a −2.67% decrease in three-month performance and has decreased by −26.01% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −33.65% over the last month, showed a −2.67% decrease in three-month performance and has decreased by −26.01% in a year.
REW trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.