ProShares - UltraShort Technology
REW
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Feb 2, 2007
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort Technology (REW) seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the S&P Technology Select Sector Index. The fund provides leveraged inverse exposure to large-cap U.S. technology companies engaged in industries including IT services, software and services, communications equipment, technology hardware storage and peripherals, electronic equipment instruments and components, and semiconductors and semiconductor equipment; it achieves its objective through derivatives such as total return swaps with major counterparties including Goldman Sachs International, Bank of America NA, UBS AG, BNP Paribas, Barclays Capital, Societe Generale, Citibank NA, and JPMorgan Chase Bank NA. REW, which trades on NYSE Arca with CUSIP 74350P568 and features options availability and quarterly distributions, calculates its net asset value daily at 4:00 p.m. ET and reports a net expense ratio of 0.95% (with contractual waiver through September 30, 2026). Launched on January 30, 2007 by ProShare Advisors LLC, headquartered at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland 20814, REW operates as part of ProShares' extensive lineup of over 150 exchange-traded funds focused on leveraged, inverse, and strategic investment strategies targeting individual investors, financial advisors, and institutions primarily in the United States. In a significant recent operational change, REW implemented a 1-for-2 reverse stock split effective November 20, 2025, consolidating shares to adjust trading price levels while retaining fractional shares for investors; this action occurred alongside similar reverse splits for other ProShares leveraged and inverse ETFs such as SDS, SQQQ, SRTY, SSG, and UVXY. ProShares, the issuer managing approximately $95 billion in ETF and mutual fund assets as of September 2025, continues to expand through talent acquisition, announcing three key regional vice president hires in September 2025 to bolster distribution in Southern California, New York City/Westchester/Long Island, and Florida, alongside ongoing product innovation including September 2025 launches of single-stock ETFs targeting 2x daily returns of Coinbase, Nvidia, Palantir, and Tesla.