Name of ETF: ProShares UltraShort Technology
Benchmark Index: Dow Jones U.S. Technology Index
Ticker Symbol: REW
Types of Stocks Included in the Index: Large and mid-sized U.S. companies in the technology sector.
Daily Target: -2x
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the U.S. technology sector. If the Dow Jones U.S. Technology Index goes down, this ETF is designed to go up twice the amount the index went down. Conversely, if the Dow Jones U.S. Technology Index goes up, this ETF is designed to go down twice the amount the index went up.
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