REWProShares UltraShort Technology
REW Fund Description
REW provides 2x leveraged inverse exposure to a market-cap weighted index that measures the performance of large US technology companies.
REW Factset Analytics Insight
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 Dow Jones U.S. Technology Index—a market-cap weighted index of US tech companies as classified by S&P Dow Jones. Currently, Apple, Google, and Microsoft take up a sizable chunk of the index. Keep in mind that REW is designed to be a short-term trading vehicle—not a long-term investment. The fund rebalances its exposure on a daily basis. As a result, REW’s long-term returns are difficult to predict due to compounding and path dependency. With less than $5M in assets, and a median daily dollar volume well below $100K, it’s safe to say investors haven’t paid much attention to the fund.
REW CHARTS AND PERFORMANCE
REW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of REW. REW is rated a 5 out of 5.