ProShares UltraShort Technology (REW)

Profile

ProShares UltraShort Technology is an exchange-traded fund designed to deliver inverse daily exposure to U.S. technology stocks. The fund seeks results that correspond to two times the opposite of the daily performance of the S&P Technology Select Sector Index, using derivatives rather than direct stock holdings. Its portfolio is built around swaps and short-term cash instruments, making it a specialized vehicle for traders who want tactical exposure to movements in the technology sector. ProShares UltraShort Technology is used in U.S. equity markets as a bearish or hedging tool focused on large technology companies across software, hardware, semiconductors, and related information technology industries. As a leveraged inverse ETF, it is structured for short-term trading rather than long-term index tracking.